XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.

A descending movement down to the next support level at 1.4133 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 1.4573 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

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 1.4059592 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 1.4573 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.4573 – 1.4222 – 1.4206 – 1.4133 – 1.4073 – 1.3901 —
1.429000000 – 1.425300000 —
47.226161761425 – 46.871147682525 —
– —
1.4573 – 1778065200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –