XRP/USDT – 30M – SELL

Furthermore a ‘Triple top chart pattern’ chart layout is existing. The chart picture shows ‘Triple top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A descending movement downwards to the next support at 3.158100000 is likely expected.

Caution: A possible change in the direction of resistance at 3.334200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 3.1521 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 3.334200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black 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 chance of ‘Three Black Crows’ heading down is 82%.

3.334200000 – 3.214600000 – 3.279500000 – 3.158100000 – 3.156800000 – 3.152100000 — 35.730801303704 – 34.3677318051

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Triple top chart pattern – –