XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 1.3814 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.4003 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

1.4003 – 1.3999 – 1.3847 – 1.3814 – 1.3809 – 1.3458 —
1.397500000 – 1.396000000 —
64.391976994849 – 50.787680409153 —
– —
1.4003 – 1777755600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –