XRP/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the downward movement downwards to the next support line at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 3.335000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 3.2251 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 3.335000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black 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 ‘Three Black Crows’ heading 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 – –