XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support line at 3.167500000 will persist.

Caution: A possible change in the direction of the resistance zone at 3.578700000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.578700000 – 3.649500000 – 3.580900000 – 3.421800000 – 3.499600000 – 3.403800000

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern –