XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support level at 1.995400000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 2.452200000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top