Sell XRP/USDT – 4H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at is considered certain.

Caution: A possible change in the direction of resistance at 1.4732 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 1.6714
2nd High 1.4935
Next High 1.4732
Current Price 1.378400000
Next Low
2nd Low
3rd Low

1.4732 – 1.4332 – 1.4935 – 1.3218 – 1.3341 – 1.27 —
1.384100000 – 1.395000000 —
52.635534606601 – 53.045991602711 —
– —
1.4732 – 1772640000

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