XRP/USDT – 30M – BUYThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 2.393300000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.458400000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.458400000 |
| Current Price | 2.446700000 |
| Next Low | 2.393300000 |
| 2nd Low | 2.367400000 |
| 3rd Low | 2.327300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold