XRP/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support line at is certain.

Caution: A possible trend reversal in the direction of the resistance line at 1.4427 should be noted.
Consider stop-loss settings accordingly.

There is also 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 pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.317829 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.4427 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.4427 – 1.4732 – 1.4332 – 1.3218 – 1.3341 – 1.27 —
1.391000000 – 1.393600000 —
50.809927251771 – 53.575893399769 —
– —
1.4427 – 1773144000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – – –