XRP/USDT – 30M – SELL

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

A descent downwards to the next support at 2.961800000 is certain.

Caution: A possible change in the direction of resistance at 3.013500000 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.013500000 – 2.996100000 – 3.009100000 – 2.961800000 – 2.970000000 – 2.965200000 — 45.304171047271 – 44.292306517511

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –