XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 1.3712 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

And also a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.3712 – 1.3749 – 1.4525 – 1.346 – 1.396 – 1.4085 —
1.359900000 – 1.350000000 —
51.7494927952 – 46.027262661784 —
– —
1.3712 – 1772964000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –