XRP/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 1.3901 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.4206 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.412447 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.4206 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.4206 – 1.41 – 1.4209 – 1.3901 – 1.3929 – 1.3829 —
1.412800000 – 1.417500000 —
55.553655139494 – 61.638144604683 —
– —
1.4206 – 1777986000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –