XRP/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 3.002400000 is certain.

Caution: A possible change in the direction of resistance at 3.147200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. 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 certain. Current target is 2.9915 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 3.147200000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

3.147200000 – 3.156000000 – 3.142700000 – 3.082900000 – 3.002400000 – 2.991500000 — 24.042064652162 – 22.599255619009

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –