XRP/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 1.1261 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.161 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a negative 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).

1.161 – 1.1577 – 1.1376 – 1.1261 – 1.1042 – 1.0884 —
1.154400000 – 1.145700000 —
52.181669370793 – 46.31801539466 —
– —
1.161 – 1781362800

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