XRP/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.1275 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.15 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.15 – 1.1257 – 1.1236 – 1.1275 – 1.1042 – 1.0884 —
1.136300000 – 1.145400000 —
46.476727060704 – 54.807191663482 —
– —
1.15 – 1781206200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – – –