XRP/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 1.5274 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 1.6339 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Southern Doji’ candlestick chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

1.6339 – 1.9378 – 1.9295 – 1.5274 – 1.5879 – 1.7107 —
1.605000000 – 1.592100000 —
51.394707064851 – 39.867525910901 —
– —
1.6339 – 1770148800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –