XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at will persist.
Caution: A possible change in the direction of resistance at 1.6122 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish Belt Hold’ chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which 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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.274400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.9378 – 1.5274 – 1.5879 – 1.7107 —
1.443700000 – 1.369600000 —
20.886468630126 – 14.641531594779 —
– —
1.6122 – 1770192000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –