XRP/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support level at 1.4219 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.5414 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.3736256 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.5414 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Inside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.5414 – 1.4528 – 1.4427 – 1.4219 – 1.365 – 1.3218 —
1.393000000 – 1.432400000 —
30.887700138204 – 53.115141627685 —
– —
1.5414 – 1773806400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down – – –