XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.

A bearish movement down to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.9295 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Belt Hold’ chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.9295 – 1.946 – 1.9907 – 1.8741 – 1.8879 – 1.9016 —
1.912600000 – 1.936300000 —
54.049302880353 – 57.500747651248 —
– —
1.92950 – 1769547600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –