XRP/USDT – 30M – BUYThe currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 2.257200000 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 2.367000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.367000000 |
| Current Price | 2.337500000 |
| Next Low | 2.257200000 |
| 2nd Low | 2.090100000 |
| 3rd Low | 2.016000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bullish Belt Hold