XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.

A bearish movement down to the next support at 2.792700000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 2.928500000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

2.928500000 – 2.884900000 – 2.886700000 – 2.792700000 – 2.778000000 – 2.811000000 — 60.4751453466 – 58.644083103253

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –