XRP/USDT – 1H – SELL

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

A descent downwards to the next support at 2.778000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 2.884900000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

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

2.884900000 – 2.886700000 – 2.839000000 – 2.778000000 – 2.811000000 – 2.697500000 — 43.860952549088 – 43.346604657372

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Double top chart pattern – –