XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support at 1.995400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 2.452200000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles form ‘Last Engulfing Top’. which is a bearish chart scenario. The currency 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