XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support level at 1.995400000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 2.452200000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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