XRP/USDT – 1H – BUY

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

The bearish trend downwards to the next support at 2.114900000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 2.207600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 2.1149 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 2.207600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download XRP/USDT Signal Image

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