XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.

A continuation of the downtrend down to the next support at 1.1428 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.1568 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.14355 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.1568 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

1.1568 – 1.161 – 1.1409 – 1.1428 – 1.1299 – 1.1261 —
1.150700000 – 1.154500000 —
52.583882056813 – 57.965421416519 —
– —
1.1568 – 1781386200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –