XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.1042 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.1866 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Bearish Belt Hold’ 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 probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

1.1376 – 1.1866 – 1.1719 – 1.1042 – 1.0884 – 1.1187 —
1.144300000 – 1.146700000 —
59.221251745403 – 61.548451578745 —
– —
1.1376 – 1781096400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –