XRP/USDT – 4H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 1.3218 is certain.

Caution: A possible change in the direction of the resistance line at 1.4427 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.4427 – 1.4732 – 1.4332 – 1.3218 – 1.3341 – 1.27 —
1.386000000 – 1.427000000 —
48.756315204028 – 62.057205667872 —
– —
1.4427 – 1773144000

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