XRP/USDT – 30M – SELL

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

A bearish trend down to the next support line at 2.284000000 will continue.

Caution: A possible change in the direction of the resistance zone at 2.531900000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 2.3370506 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 2.531900000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows