XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 1.8879 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.9656 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.
Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0299 |
| 2nd High | 1.9907 |
| Next High | 1.9656 |
| Current Price | 1.918900000 |
| Next Low | 1.8879 |
| 2nd Low | 1.8873 |
| 3rd Low | 1.8712 |
1.9242 – 1.9656 – 1.9358 – 1.8879 – 1.91 – 1.9152 —
1.902000000 – 1.932600000 —
29.259608946441 – 58.199358201278 —
– —
1.92420 – 1769261400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Double top retreat up – –