XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support level at 2.782600000 will persist.

Caution: A possible counter-trend in the direction of resistance at 2.974400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 2.9193 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 2.974400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is found. 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 chance of ‘Three Black Crows’ heading down is 82%.

2.974400000 – 3.053500000 – 3.128000000 – 2.919300000 – 2.973600000 – 2.997100000 — 26.146538149712 – 25.095365686799

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – – –