XRP/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 1.5274 is expected.

Caution: A possible trend reversal in the direction of resistance at 1.6339 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.6339 – 1.6216 – 1.6257 – 1.5274 – 1.7113 – 1.7107 —
1.580200000 – 1.605200000 —
45.029215196439 – 53.84798473102 —
– —
1.6339 – 1770150600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – – –