XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 1.354700000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.3858 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.391 |
| 2nd High | 1.386 |
| Next High | 1.3858 |
| Current Price | 1.379600000 |
| Next Low | 1.354700000 |
| 2nd Low | 1.3477 |
| 3rd Low |
1.3858 – 1.386 – 1.3807 – 1.354700000 – 1.3604 – 1.3585 —
1.367800000 – 1.381000000 —
38.328883774733 – 61.300957954781 —
1.354700000 – 1779370200 —
1.3858 – 1779350400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –