XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support at 2.940400000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 3.096900000 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.096900000 – 3.147200000 – 3.141000000 – 2.940400000 – 3.077300000 – 3.111500000 — 57.549028810853 – 55.341971353733

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