XRP/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.3124 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.4262 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘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 probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4935 |
| 2nd High | 1.4691 |
| Next High | 1.4262 |
| Current Price | 1.351400000 |
| Next Low | 1.3124 |
| 2nd Low | 1.1172 |
| 3rd Low |
1.4262 – 1.4691 – 1.4935 – 1.3827 – 1.4192 – 1.3124 —
1.355200000 – 1.355600000 —
19.363474394963 – 35.946265695891 —
– —
1.4262 – 1772182800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –