XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 1.350000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.548000000 |
| Next Low | 1.350000000 |
| 2nd Low | 1.095300000 |
| 3rd Low | 1.065000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing