XRP/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 1.4297 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.4503 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.4503 – 1.4457 – 1.441 – 1.4297 – 1.4239 – 1.4258 —
1.435100000 – 1.434000000 —
47.821287971497 – 49.079869251407 —
– —
1.4503 – 1777046400

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