XRP/USDT – 30M – SELL

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

A bearish movement down to the next support line at 1.365 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.4525 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 1.4243628 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.4525 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candle pattern is detected. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.4243 – 1.3936 – 1.4112 – 1.365 – 1.366 – 1.3706 —
1.438500000 – 1.452800000 —
69.335512279308 – 69.818703251123 —
– —
1.4243 – 1773361800

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