XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support level at 1.3829 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.4573 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. 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%.

1.4573 – 1.4209 – 1.4003 – 1.4035 – 1.4133 – 1.3901 —
1.393300000 – 1.389800000 —
34.000365652798 – 33.747201907445 —
– —
1.4573 – 1778065200

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