XRP/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.6339 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.6339 – 1.6216 – 1.6257 – 1.5274 – 1.7113 – 1.7107 —
1.596100000 – 1.612200000 —
51.219775474611 – 58.660825427855 —
– —
1.6339 – 1770150600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –