XRP/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 1.995400000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 2.096000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 2.0454792 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 2.096000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download XRP/USDT Signal Image

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