XRP/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards

A descent downwards to the next support line at 1.1268 is considered certain.

Caution: A possible change in the direction of the resistance zone at 1.1936 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.1936 – 1.1568 – 1.161 – 1.1268 – 1.1428 – 1.1299 —
1.191200000 – 1.186900000 —
72.014040577505 – 64.109123303247 —
– —
1.1936 – 1781488800

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