XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 1.995400000 will continue.
Caution: A possible trend reversal in the direction of resistance at 2.452200000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Top’ candle chart pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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