XRP/USDT – 1H – SELL

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

A bearish movement downwards to the next support line at 2.354800000 is likely expected.

Caution: A possible change in the direction of resistance at 2.531900000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

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

Download XRP/USDT Signal Image

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