XRP/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.9016 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.9358 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Inside Down’ candlestick pattern is discovered. The candles form ‘Three Inside 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 likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

1.9358 – 1.9647 – 1.9907 – 1.9016 – 1.8712 – 1.87 —
1.924100000 – 1.923900000 —
42.032355472343 – 49.436374773266 —
– —
1.93580 – 1769110200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Inside Down – – –