XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support level at 2.250000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 2.909200000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2.1692 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 2.909200000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. 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