XRP/USDT – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A continuation of the downward movement downwards to the next support at 1.2083 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 1.228300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.19 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 1.228300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

1.228300000 – 1.256 – 1.2935 – 1.2083 – 1.2053 – 1.2141 —
1.228300000 – 1.221600000 —
54.403231754524 – 47.739626774453 —
1.228300000 – 1781661600 —
– 1781661600

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