XRP/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 1.8741 is expected.

Caution: A possible change in the direction of the resistance level at 1.9378 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

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

1.9378 – 1.9295 – 1.946 – 1.8741 – 1.8879 – 1.9016 —
1.913400000 – 1.889100000 —
45.544960035723 – 40.296571543434 —
– —
1.93780 – 1769605200

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