XRP/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 3.001000000 is likely expected.

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

Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.0445656 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 3.178400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

3.178400000 – 3.162100000 – 3.150000000 – 3.001000000 – 3.040300000 – 3.093200000 — 38.270347635375 – 36.693925658513

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – –