XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 2.327300000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 2.415700000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Last Engulfing Top’ candle pattern is existing. 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 success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.415700000 |
| Current Price | 2.399400000 |
| Next Low | 2.327300000 |
| 2nd Low | 2.090100000 |
| 3rd Low | 2.016000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top