XRP/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 2.818400000 is considered certain.

Caution: A possible change in the direction of the resistance line at 2.989600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.8184 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 2.989600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2.989600000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.940400000 — 40.880338358302 – 40.114705806289

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Triple bottom chart pattern – –