XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 1.3477 will persist.

Caution: A possible change in the direction of the resistance zone at 1.386 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.386 – 1.3807 – 1.3977 – 1.3477 – 1.3638 – 1.3715 —
1.383500000 – 1.366700000 —
51.709286349621 – 43.601618723172 —
– —
1.386 – 1779328800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –