XRP/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible counter-trend in the direction of resistance at 2.0661 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

2.0661 – 2.0618 – 2.0673 – 2.0536 – 2.0263 – 2.0577 —
1.982400000 – 2.015900000 —
51.388118789225 – 62.567106894519 —
– —
2.06610 – 1768761000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Tweezers Top – – –