XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 1.3785 is certain.
Caution: A possible change in the direction of the resistance zone at 1.4427 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4732 |
| 2nd High | 1.4525 |
| Next High | 1.4427 |
| Current Price | 1.392100000 |
| Next Low | 1.3785 |
| 2nd Low | 1.333 |
| 3rd Low | 1.3218 |
1.4427 – 1.4195 – 1.3923 – 1.3785 – 1.3813 – 1.333 —
1.378200000 – 1.411200000 —
42.474514170702 – 59.065303653377 —
– —
1.4427 – 1773154800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –