XRP/USDT – 1H – SELL

The combination Ripple/Tether (XRP/USDT) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 1.3421 is expected.

Caution: A possible change in the direction of the resistance line at 1.4097 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

1.4097 – 1.4642 – 1.4703 – 1.3421 – 1.3728 – 1.4099 —
1.404000000 – 1.379700000 —
63.499569392427 – 41.077804403544 —
– —
1.4097 – 1770818400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Double top chart pattern – –