XRP/USDT – 4H – SELLThe currency pair Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support line at 1.055600000 will persist.
Caution: A possible trend reversal in the direction of resistance at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. 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 | 1.463400000 |
| 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