XRP/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support line at 1.321800000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.3712 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3218 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.3712 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.3712 – 1.3749 – 1.4525 – 1.321800000 – 1.346 – 1.396 —
1.349400000 – 1.358700000 —
43.299850611098 – 53.011384698552 —
1.321800000 – 1773007200 —
1.3712 – 1772964000

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