XRP/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.3929 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.4209 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.39034 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.4209 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Three Inside Down’ candle pattern is found. The chart shows ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.4209 – 1.399 – 1.4003 – 1.3929 – 1.3829 – 1.3814 —
1.410000000 – 1.398900000 —
53.317288080942 – 45.457498444943 —
– —
1.4209 – 1777867200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –