XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 1.900000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2.207600000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 2.1149 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 2.207600000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download XRP/USDT Signal Image

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