XRP/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 3.029500000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 3.142700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 2.9915 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 3.142700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is found. The chart shows ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

3.142700000 – 3.351200000 – 3.335000000 – 3.029500000 – 2.991500000 – 3.226600000 — 33.059430467226 – 31.139449872344

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