XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descending movement down to the next support level at 1.995400000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 2.452200000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top