XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support line at 2.114900000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.237900000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.332500000 |
| 2nd High | 2.317300000 |
| Next High | 2.237900000 |
| Current Price | 2.187600000 |
| Next Low | 2.114900000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing