XRP/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.3688376 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.4525 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.4525 – 1.4732 – 1.3877 – 1.396 – 1.4085 – 1.3452 —
1.414800000 – 1.406400000 —
47.110461783111 – 42.165769238452 —
– —
1.4525 – 1772704800

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –