XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 2.8303 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 2.9248 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K fall below 80’ indicator layout is detected. The indicator is ‘%K fall below 80’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.8303 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 2.9248 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

2.9248 – 2.9917 – 3.0012 – 2.8303 – 2.8489 – 2.9546 — 38.956465988716 – 38.181621877249 — 2.3717452951792 – 0 – 12.498572186345 – 4.8826956191293

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