XRP/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the downward movement downwards to the next support at is considered certain.

Caution: A possible change in the direction of the resistance zone at 3.335000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 3.2251 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 3.335000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

3.335000000 – 3.306700000 – 3.176500000 – 3.226600000 – 3.202600000 – 3.115200000 — 44.66871162898 – 38.421768205214

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –