XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A descent down to the next support level at 1.3415 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.3712 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.3712 – 1.3603 – 1.3733 – 1.3415 – 1.3468 – 1.3606 —
1.364100000 – 1.349800000 —
49.372502651549 – 38.595046534168 —
– —
1.3712 – 1772964000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –