XRP/USDT – 30M – SELLThen a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support level at 1.8879 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.9179 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9656 |
| 2nd High | 1.946 |
| Next High | 1.9179 |
| Current Price | 1.885000000 |
| Next Low | 1.8879 |
| 2nd Low | 1.8873 |
| 3rd Low | 1.8712 |
1.9179 – 1.946 – 1.9242 – 1.889 – 1.8879 – 1.91 —
1.902800000 – 1.892600000 —
41.638690628489 – 39.988352481077 —
– —
1.91790 – 1769486400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –