XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards

A descent downwards to the next support line at 2.174300000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 2.619600000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

Download XRP/USDT Signal Image

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing