XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at 1.346 is likely expected.

Caution: A possible change in the direction of the resistance zone at 1.3749 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘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 chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.3749 – 1.4525 – 1.4732 – 1.346 – 1.396 – 1.4085 —
1.357400000 – 1.366400000 —
36.030795582551 – 52.414262893234 —
– —
1.3749 – 1772852400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –