XRP/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 2.998100000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 3.211100000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 3.1103 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 3.211100000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

3.211100000 – 3.153400000 – 3.265100000 – 2.998100000 – 3.035300000 – 2.955500000 — 56.997875917598 – 54.755098590178

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Double bottom retreat down –