XRP/USDT – 4H – SELLNext a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish descent down to the next support line at 1.3421 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.6714 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Next a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency 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 | 1.9907 |
| 2nd High | 1.9378 |
| Next High | 1.6714 |
| Current Price | 1.433900000 |
| Next Low | 1.3421 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.6714 – 1.9378 – 1.9907 – 1.3775 – 1.3421 – 1.3728 —
1.336300000 – 1.446000000 —
28.584544634454 – 61.036448196541 —
– —
1.6714 – 1771142400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –