XRP/USDT – 30M – SELL

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

The bearish trend downwards to the next support at 2.250000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 2.909200000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

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 2.1692 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 2.909200000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download XRP/USDT Signal Image

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