XRP/USDT – 1H – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downtrend down to the next support level at 1.4239 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.4503 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.4204704 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.4503 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.4503 – 1.4457 – 1.4626 – 1.4239 – 1.409 – 1.4116 —
1.441900000 – 1.437000000 —
55.152667580959 – 51.662835282341 —
– —
1.4503 – 1777046400

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