XRP/USDT – 4H – SELL

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

A bearish movement downwards to the next support line at 2.782600000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 3.105600000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 2.7826 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 3.105600000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

3.105600000 – 3.156000000 – 3.351200000 – 2.782600000 – 2.818400000 – 2.991500000 — 37.767538526035 – 36.173580450766

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –