XRP/USDT – 30M – SELL

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

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

Caution: A possible change in the direction of the resistance line at 1.4503 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.4239 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 1.4503 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.4503 – 1.4457 – 1.441 – 1.4311 – 1.4297 – 1.4239 —
1.433400000 – 1.436500000 —
47.598348213894 – 53.04324960403 —
– —
1.4503 – 1777046400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –