XRP/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 3.078800000 will persist.

Caution: A possible change in the direction of resistance at 3.185600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.185600000 – 3.330800000 – 3.238700000 – 3.078800000 – 3.163000000 – 3.156400000 — 46.465119780566 – 43.048401787821

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern –