XRP/USDT – 4H – SELL

Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.3477 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.4724 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative 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 Black Crows’ heading down is 82%.

1.4724 – 1.5082 – 1.4573 – 1.347700000 – 1.394 – 1.4112 —
1.363900000 – 1.385600000 —
32.840726336773 – 45.680695365996 —
1.347700000 – 1779235200 —
1.4724 – 1778844600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –