XRP/USDT – 30M – SELL

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

A descending movement down to the next support line at 2.366200000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.452200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 2.3667444 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 2.452200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows