XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 1.055600000 is certain.
Caution: A possible change in the direction of the resistance zone at could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.461500000 |
| Next Low | 1.055600000 |
| 2nd Low | 0.491700000 |
| 3rd Low | 0.486000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing