XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

A bearish descent down to the next support level at 1.3834 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.4528 could occur.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Collapsing Doji Star’ candlestick chart pattern is detected. The chart forms ‘Collapsing Doji Star’. which 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 ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

1.4528 – 1.3936 – 1.4112 – 1.3834 – 1.39 – 1.365 —
1.421100000 – 1.425000000 —
62.834483865809 – 67.876799907999 —
– —
1.4528 – 1773410400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Collapsing Doji Star – – –