XRP/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at 2.997100000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 3.147200000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 3.029372 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 3.147200000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

3.088600000 – 3.075600000 – 3.105600000 – 2.997100000 – 3.007200000 – 2.969700000 — 47.614621141037 – 43.944680612682

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