XRP/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.338100000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.3712 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3467848 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 1.3712 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Last Engulfing Bottom:’ candlestick chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

1.3712 – 1.3603 – 1.3733 – 1.338100000 – 1.3415 – 1.3468 —
1.343500000 – 1.356600000 —
34.391328886925 – 52.21246193672 —
1.338100000 – 1772987400 —
1.3712 – 1772964000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: – – –