XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

A bearish descent downwards to the next support level at 2.762000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 2.845500000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this 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 Black Crows’ heading down is 82%.

2.845500000 – 2.832900000 – 2.839000000 – 2.762000000 – 2.697500000 – 2.701400000 — 55.229415355472 – 50.377846970135

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