XRP/USDT – 4H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 2.892000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 3.382500000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

3.382500000 – 3.178400000 – 3.330800000 – 2.892000000 – 2.955500000 – 2.196000000 — 50.889176920165 – 48.495402511192

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –