XRP/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 3.167500000 will persist.

Caution: A possible change in the direction of the resistance level at 3.660700000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 3.2507 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 3.660700000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

3.660700000 – 3.298600000 – 3.100000000 – 3.167500000 – 2.987300000 – 2.877400000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Two Crows – Triple bottom chart pattern