XRP/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 1.2543 is considered certain.

Caution: A possible change in the direction of the resistance line at 2.1765 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.611787 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 2.1765 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency 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%.

2.1765 – 2.8372 – 2.8407 – 2.0819 – 2.1116 – 1.2543 — 37.053083717366 – 35.595418342814 — 7.5342683586172 – 4.5828960340934 – 9.7223547371434 – 7.2427355320209

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