XRP/USDT – 30M – SELL

The pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards

A bearish trend downwards to the next support level at 2.822300000 is expected.

Caution: A possible change in the direction of the resistance level at 2.974400000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

2.974400000 – 3.053500000 – 3.128000000 – 2.822300000 – 2.919300000 – 2.973600000 — 44.410711587103 – 44.350510227725

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Triple top chart pattern – –