XRP/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.

A descending movement down to the next support line at 3.082900000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.156000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘On Neck’ candle chart pattern is detected. The candles show ‘On Neck’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

3.156000000 – 3.142700000 – 3.351200000 – 3.082900000 – 3.002400000 – 2.991500000 — 48.230326806604 – 46.847791533469

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –