XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support at 1.3218 is expected.

Caution: A possible change in the direction of the resistance level at 1.362 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Bearish Belt Hold’ candle chart pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.362 – 1.3712 – 1.3603 – 1.3218 – 1.3381 – 1.3415 —
1.352100000 – 1.357500000 —
48.654058735203 – 51.865384207603 —
– —
1.362 – 1773001800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –