XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support line at 1.3928 will continue.
Caution: A possible trend reversal in the direction of resistance at 1.510000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a bearish pattern 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’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.510000000 |
| Current Price | 1.475700000 |
| Next Low | 1.3928 |
| 2nd Low | 1.3503 |
| 3rd Low | 1.3193 |
1.510000000 – 1.4664 – 1.3955 – 1.3928 – 1.3503 – 1.3521 —
1.510000000 – 1.487300000 —
74.06085665769 – 58.966517695291 —
1.510000000 – 1776434400 —
– 1776434400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –