XRP/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 2.818400000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 2.989600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.989600000 – 3.038000000 – 3.096900000 – 2.818400000 – 2.848800000 – 2.940400000 — 44.613363576322 – 42.790463656237

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double bottom chart pattern – –