XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.365 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.453 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4817 |
| 2nd High | 1.4665 |
| Next High | 1.453 |
| Current Price | 1.368600000 |
| Next Low | 1.365 |
| 2nd Low | 1.3218 |
| 3rd Low | 1.27 |
1.453 – 1.4665 – 1.4817 – 1.4248 – 1.4219 – 1.4359 —
1.393100000 – 1.391000000 —
36.045276474993 – 34.58918700778 —
– —
1.453 – 1774072800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: – – –