XRP/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 3.001000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 3.178400000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

3.178400000 – 3.162100000 – 3.185600000 – 3.001000000 – 3.053300000 – 3.078800000 — 41.737814683175 – 40.617361128636

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – –