XRP/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 1.4112 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.4693 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.4098732 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.4693 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.4693 – 1.4886 – 1.5082 – 1.4112 – 1.4333 – 1.4113 —
1.433200000 – 1.450900000 —
48.590942764502 – 53.989195226573 —
– —
1.4693 – 1778662800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –