XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 2.308000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.452800000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.646900000 |
| 2nd High | 2.484000000 |
| Next High | 2.452800000 |
| Current Price | 2.333900000 |
| Next Low | 2.308000000 |
| 2nd Low | 2.285100000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing