XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.

A bearish movement down to the next support line at 2.127700000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.317300000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 2.1277 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.317300000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download XRP/USDT Signal Image

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