XRP/USDT – 30M – SELL

The currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support level at 1.7107 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.89 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Bearish Belt Hold’ candlestick pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency 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).

1.89 – 1.9325 – 1.9378 – 1.7107 – 1.778 – 1.8654 —
1.762600000 – 1.775200000 —
45.788013091815 – 50.160516069799 —
– —
1.89000 – 1769673600

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – – –