XRP/USDT – 4H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support at 1.995400000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 2.728100000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Belt Hold’ chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative 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’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.728100000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold