XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A descent down to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.6122 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6339 |
| Next High | 1.6122 |
| Current Price | 1.352800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.6122 – 1.6339 – 1.9378 – 1.5274 – 1.5879 – 1.7107 —
1.458200000 – 1.382900000 —
23.589856276164 – 15.780249698502 —
– —
1.6122 – 1770192000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –