XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 1.995400000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 2.207600000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘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 success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.317300000 |
| 2nd High | 2.237900000 |
| Next High | 2.207600000 |
| Current Price | 2.027300000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing