XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 1.8944 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 1.946 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.91005 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.946 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.9295 – 1.9179 – 1.946 – 1.8944 – 1.8741 – 1.889 —
1.936600000 – 1.937800000 —
60.600098906335 – 62.446037677476 —
– —
1.92950 – 1769547600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Double top chart pattern – –