XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support level at 2.419500000 will persist.
Caution: A possible change in the direction of the resistance zone at 2.486200000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.529000000 |
| 2nd High | 2.496200000 |
| Next High | 2.486200000 |
| Current Price | 2.440500000 |
| Next Low | 2.419500000 |
| 2nd Low | 2.332300000 |
| 3rd Low | 2.311300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold