XRP/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 2.940400000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 3.147200000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.

3.147200000 – 3.156000000 – 3.142700000 – 2.940400000 – 3.082900000 – 3.002400000 — 56.896726949339 – 55.022272660585

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