XRP/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.

A descent downwards to the next support at 2.892000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 3.382500000 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Southern Doji’ candle pattern is detected. The candles show ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

3.382500000 – 3.178400000 – 3.330800000 – 2.892000000 – 2.955500000 – 2.196000000 — 44.559937346683 – 44.093800774652

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –