XRP/USDT – 4H – SELL

The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.

A bearish descent downwards to the next support at 1.277500000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.630000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.06085 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.630000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download XRP/USDT Signal Image

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