XRP/USDT – 4H – SELL

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

A bearish movement down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.4935 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.4935 – 1.6714 – 1.9378 – 1.3124 – 1.3775 – 1.3421 —
1.447500000 – 1.421600000 —
58.229617776104 – 51.995816153351 —
– —
1.4935 – 1772049600

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