XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support at 1.673900000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 2.419200000 |
| Next Low | 1.673900000 |
| 2nd Low | 1.429200000 |
| 3rd Low | 1.352400000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing