XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish movement downwards to the next support at 2.799200000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 2.869300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 2.7987028 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 2.869300000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

2.869300000 – 2.818400000 – 2.834900000 – 2.799200000 – 2.774600000 – 2.760400000 — 49.885442719195 – 44.9682039966

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –