XRP/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.4503 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.4204704 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.4503 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.4503 – 1.4457 – 1.441 – 1.429700000 – 1.4239 – 1.4258 —
1.435800000 – 1.437300000 —
43.508530755711 – 52.105189106842 —
1.429700000 – 1777069800 —
1.4503 – 1777046400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –