XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.9907 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0661 |
| 2nd High | 2.0299 |
| Next High | 1.9907 |
| Current Price | 1.907700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.9907 – 2.0299 – 2.0661 – 1.9016 – 1.8712 – 1.87 —
1.917700000 – 1.921800000 —
46.06930330121 – 47.231469613159 —
– —
1.99070 – 1769032800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –