XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.4239 is certain.
Caution: A possible change in the direction of the resistance line at 1.4457 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative signal. 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 | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4457 |
| Current Price | 1.437600000 |
| Next Low | 1.4239 |
| 2nd Low | 1.409 |
| 3rd Low | 1.3909 |
1.4457 – 1.4626 – 1.45 – 1.4239 – 1.409 – 1.4116 —
1.441200000 – 1.442000000 —
52.478972320743 – 53.900332966704 —
– —
1.4457 – 1776996000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –