XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support level at 1.995400000 is expected.
Caution: A possible change in the direction of resistance at 2.452200000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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