XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 1.3831 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.4215 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to go down. 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 | 1.4626 |
| 2nd High | 1.4573 |
| Next High | 1.4215 |
| Current Price | 1.382600000 |
| Next Low | 1.3831 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4215 – 1.4573 – 1.4222 – 1.3831 – 1.4035 – 1.4133 —
1.392800000 – 1.390500000 —
32.692335623871 – 33.653992077236 —
– —
1.4215 – 1778139000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –