XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support at 3.040300000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 3.150000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 3.0403 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 3.150000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

3.150000000 – 3.185600000 – 3.330800000 – 3.040300000 – 3.093200000 – 3.053300000 — 34.361454261363 – 30.11717780205

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern –