XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A descent downwards to the next support at 1.4225 is expected.
Caution: A possible change in the direction of resistance at 1.4664 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4817 |
| 2nd High | 1.4665 |
| Next High | 1.4664 |
| Current Price | 1.478300000 |
| Next Low | 1.4225 |
| 2nd Low | 1.3928 |
| 3rd Low | 1.3503 |
1.4664 – 1.4156 – 1.4086 – 1.4225 – 1.3928 – 1.3503 —
1.490900000 – 1.497900000 —
75.091479802315 – 59.674333369772 —
– —
1.4664 – 1776367800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –