XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

A bearish trend downwards to the next support level at 1.8873 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.9358 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

1.9358 – 1.9647 – 1.9907 – 1.8873 – 1.9017 – 1.9016 —
1.906100000 – 1.955100000 —
40.124212318523 – 63.388177576129 —
– —
1.93580 – 1769110200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –