XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 1.277500000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 1.630000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. 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 | |
| 2nd High | |
| Next High | 1.630000000 |
| Current Price | 1.370700000 |
| Next Low | 1.277500000 |
| 2nd Low | 1.055600000 |
| 3rd Low | 0.491700000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing