XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 2.961800000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 3.013500000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.013500000 – 2.996100000 – 3.009100000 – 2.961800000 – 2.970000000 – 2.965200000 — 47.166081770515 – 43.237514918518

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern – –