XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support at 3.226600000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 3.372600000 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 3.2831272 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 3.372600000 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

3.335000000 – 3.306700000 – 3.176500000 – 3.226600000 – 3.202600000 – 3.115200000 — 59.711320177081 – 58.36468050324

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