XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support at 2.367400000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 2.458400000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a bearish 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’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.458400000 |
| Current Price | 2.394400000 |
| Next Low | 2.367400000 |
| 2nd Low | 2.327300000 |
| 3rd Low | 1.995400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold