XRP/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement downwards to the next support line at 3.208300000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.347500000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘RSI fall below 70’ indicator layout is discovered. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.347500000 – 3.340400000 – 3.372600000 – 3.208300000 – 3.246100000 – 3.205100000 — 42.846412933292 – 31.891604596403

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