XRP/USDT – 4H – SELL

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

A descending movement down to the next support level at 2.196000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 3.649500000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘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’ heading down is 82%.

3.649500000 – 3.660700000 – 3.035000000 – 2.196000000 – 2.078200000 – 1.908300000 — 36.386417852337 – 32.654056528357

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