XRP/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at is certain.

Caution: A possible change in the direction of the resistance line at 3.238700000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 3.1184 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 3.238700000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.238700000 – 3.209800000 – 3.218100000 – 3.156400000 – 3.158400000 – 2.998100000 — 46.865451165762 – 45.882958468778

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