XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support level at 2.257200000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.468300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Harami’ chart pattern is found. The chart forms ‘Bearish Harami’. this 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 ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.728100000 |
| 2nd High | 2.474300000 |
| Next High | 2.468300000 |
| Current Price | 2.373100000 |
| Next Low | 2.257200000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Harami