XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 1.1535 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.2251 |
| 2nd High | 1.156 |
| Next High | 1.1535 |
| Current Price | 1.136300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.1535 – 1.156 – 1.1551 – 1.1342 – 1.1187 – 1.1329 —
1.147200000 – 1.140700000 —
44.780956725393 – 46.990782894211 —
– —
1.1535 – 1782036000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –