XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 1.3909 will continue.
Caution: A possible change in the direction of resistance at 1.447 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘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 probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.447 |
| Current Price | 1.400200000 |
| Next Low | 1.3909 |
| 2nd Low | 1.3503 |
| 3rd Low | 1.3193 |
1.447 – 1.4431 – 1.51 – 1.3909 – 1.4131 – 1.4235 —
1.408100000 – 1.411400000 —
41.649317278024 – 45.330655220206 —
– —
1.447 – 1776605400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –