XRP/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 2.662900000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 2.894900000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern 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%.

2.894900000 – 2.847600000 – 2.847900000 – 2.662900000 – 2.659600000 – 2.248500000

Trading Signals: FOREX – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern