XRP/USDT – 30M – SELL

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

A bearish trend down to the next support level at 1.3452 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.4525 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.3452 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.4525 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.4525 – 1.4732 – 1.4257 – 1.3916 – 1.396 – 1.4085 —
1.398300000 – 1.395600000 —
42.169367931853 – 40.164408903742 —
– —
1.4525 – 1772706600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –