XRP/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 1.1187 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.144 should be noted.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.1187 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.144 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish 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).

1.144 – 1.153 – 1.1548 – 1.1187 – 1.1329 – 1.1628 —
1.135800000 – 1.135500000 —
47.852926662069 – 51.671136021096 —
– —
1.144 – 1781875800

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