XRP/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 1.3706 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.4112 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. 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).

1.4112 – 1.4427 – 1.3653 – 1.3706 – 1.3218 – 1.346 —
1.403300000 – 1.393700000 —
54.43001227507 – 52.574070843238 —
– —
1.4112 – 1773234000

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