XRP/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 2.144000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 2.337000000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

2.337000000 – 2.175900000 – 2.180100000 – 2.144000000 – 2.141700000 – 2.140700000

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