XRP/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 3.167500000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 3.660700000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

3.660700000 – 3.298600000 – 3.100000000 – 3.400500000 – 3.167500000 – 2.987300000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern