XRP/USDT – 1H – SELL

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

A descending movement downwards to the next support level at 1.277500000 is likely expected.

Caution: A possible change in the direction of resistance at 1.595400000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.36265 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.595400000 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows