XRP/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline down.

A descent down to the next support level at 2.763700000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 3.035000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

3.035000000 – 2.894900000 – 2.975000000 – 2.763700000 – 2.662900000 – 2.248500000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern