XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.

A bearish descent down to the next support level at 1.3831 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.4215 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency 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).

1.4215 – 1.4573 – 1.4222 – 1.3831 – 1.4035 – 1.4133 —
1.392800000 – 1.390500000 —
32.692335623871 – 33.653992077236 —
– —
1.4215 – 1778139000

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