XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.900000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 2.207600000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2.1149 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 2.207600000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Last Engulfing Top’ candle pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.317300000 |
| 2nd High | 2.237900000 |
| Next High | 2.207600000 |
| Current Price | 2.051800000 |
| Next Low | 1.900000000 |
| 2nd Low | 1.429200000 |
| 3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top