XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.419100000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.4631 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4984 |
| 2nd High | 1.4703 |
| Next High | 1.4631 |
| Current Price | 1.430300000 |
| Next Low | 1.419100000 |
| 2nd Low | 1.4103 |
| 3rd Low | 1.4099 |
1.4631 – 1.4703 – 1.4419 – 1.419100000 – 1.4103 – 1.4099 —
1.438300000 – 1.448200000 —
42.705757102812 – 55.364270414184 —
1.419100000 – 1770600600 —
1.4631 – 1770591600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –