XRP/USDT – 1H – SELL

Furthermore a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The currency pair is likely to go up.

The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 2.337000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 2.1447444 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.337000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2.337000000 – 2.175900000 – 2.180100000 – 2.140700000 – 2.109300000 – 2.116300000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows