XRP/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.4297 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 1.4503 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.4204704 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 1.4503 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.4503 – 1.4457 – 1.441 – 1.4297 – 1.4239 – 1.4258 —
1.434500000 – 1.437000000 —
44.944213421311 – 52.096209117706 —
– —
1.4503 – 1777046400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –