XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support line at 1.333 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.3731 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3749 |
| 2nd High | 1.3733 |
| Next High | 1.3731 |
| Current Price | 1.371300000 |
| Next Low | 1.333 |
| 2nd Low | 1.3218 |
| 3rd Low | 1.27 |
1.3731 – 1.3653 – 1.362 – 1.333 – 1.3218 – 1.3381 —
1.366600000 – 1.377300000 —
55.922379839316 – 60.032323781034 —
– —
1.3731 – 1773064800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –