XRP/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

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

Caution: A possible reversal of the trend in the direction of the resistance level at 3.330800000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover 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 chart scenario. The currency pair is likely to fall.

Moreover a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 3.16445 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 3.330800000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

3.330800000 – 3.238700000 – 3.209800000 – 3.163000000 – 3.156400000 – 3.158400000 — 43.944236307137 – 43.304341884917

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