XRP/USDT – 4H – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance zone at 3.185800000 could occur.
Consider stop-loss settings accordingly.

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

Next a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

3.185800000 – 2.884900000 – 2.886700000 – 2.953200000 – 2.778000000 – 2.697500000 — 43.051418809199 – 42.042205502859

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –