XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 1.068800000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.117200000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ chart pattern is found. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.148000000 |
| 2nd High | 1.123000000 |
| Next High | 1.117200000 |
| Current Price | 1.085800000 |
| Next Low | 1.068800000 |
| 2nd Low | 1.031500000 |
| 3rd Low | 1.002600000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing