XRP/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 1.3218 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.3749 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.3653 – 1.3712 – 1.3749 – 1.3218 – 1.346 – 1.396 —
1.373100000 – 1.377300000 —
58.011273658377 – 61.998943432843 —
– —
1.3653 – 1773025200

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