XRP/USDT – 30M – SELL

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

A bearish descent down to the next support line at 0.773100000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.269800000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.9228 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.269800000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download XRP/USDT Signal Image

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