XRP/USDT – 30M – SELL

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

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

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

Caution: A possible counter-trend in the direction of the resistance level at 3.147200000 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 3.029372 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 3.147200000 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going 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 – –