XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 1.0535 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.1193 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.2935 |
| 2nd High | 1.1843 |
| Next High | 1.1193 |
| Current Price | 1.093400000 |
| Next Low | 1.0535 |
| 2nd Low | 1.022 |
| 3rd Low | 1.0092 |
1.1193 – 1.1843 – 1.0768 – 1.0535 – 1.0694 – 1.022 —
1.113900000 – 1.110100000 —
55.385433180607 – 54.029372053936 —
– —
1.1193 – 1783785600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –