The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support line at 1.429200000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. 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 | |
2nd High | |
Next High | |
Current Price | 1.677700000 |
Next Low | 1.429200000 |
2nd Low | 1.352400000 |
3rd Low | 1.332700000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing