XRP/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 2.762000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 2.845500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 2.7834 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 2.845500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

2.845500000 – 2.832900000 – 2.839000000 – 2.762000000 – 2.697500000 – 2.701400000 — 47.428622747181 – 43.295261190545

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