XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 2.284000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.478800000 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.646900000 |
| 2nd High | 2.484000000 |
| Next High | 2.478800000 |
| Current Price | 2.460900000 |
| Next Low | 2.284000000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.673900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing