XRP/USDT – 1H – SELLNext a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support level at 3.156400000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 3.330800000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘RSI fall below 30’ indicator signal is discovered. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Last Engulfing Top’ candlestick pattern is found. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.649500000 |
| 2nd High | 3.578700000 |
| Next High | 3.330800000 |
| Current Price | 3.157700000 |
| Next Low | 3.156400000 |
| 2nd Low | 2.998100000 |
| 3rd Low | 2.955500000 |
3.330800000 – 3.238700000 – 3.218100000 – 3.163000000 – 3.156400000 – 2.998100000 — 38.023455608287 – 35.803806297733
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top – Double top chart pattern –