XRP/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 2.818400000 will continue.

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

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2.8184 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 2.989600000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Shooting Star’ candlestick chart pattern is discovered. The chart forms ‘Shooting Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

2.989600000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.940400000 — 38.229986221365 – 38.207789691998

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Shooting Star – Double top chart pattern – –