XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish movement down to the next support level at 1.995400000 will continue.
Caution: A possible change in the direction of the resistance zone at 2.452200000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Last Engulfing Top’ candle chart pattern is existing. The chart shows ‘Last Engulfing Top’. this is a bearish pattern 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