XRP/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.256 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.256 – 1.2935 – 1.161 – 1.2053 – 1.1268 – 1.1261 —
1.222100000 – 1.222700000 —
48.118544778549 – 46.837172928609 —
– —
1.256 – 1781611200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –