XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support at 1.355000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.539300000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ candle chart 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.630000000 |
| 2nd High | 1.595400000 |
| Next High | 1.539300000 |
| Current Price | 1.386900000 |
| Next Low | 1.355000000 |
| 2nd Low | 1.277500000 |
| 3rd Low | 1.095300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing