XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) moves from the bullish trendline down.

A bearish movement downwards to the next support at 3.055800000 is expected.

Caution: A possible change in the direction of the resistance line at 3.139700000 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. 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).

3.139700000 – 3.112000000 – 3.058600000 – 3.055800000 – 2.981400000 – 3.002900000 — 53.034557968483 – 51.147802188076

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