XRP/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 1.418 is certain.

Caution: A possible trend reversal in the direction of resistance at 1.4503 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.4204704 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.4503 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘On Neck’ candlestick pattern is detected. The chart forms ‘On Neck’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).

1.4503 – 1.4457 – 1.4626 – 1.418 – 1.4239 – 1.409 —
1.430100000 – 1.442500000 —
52.436940440903 – 61.928051387844 —
– —
1.4503 – 1777046400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –