XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.900000000 is expected.
Caution: A possible change in the direction of resistance at 2.728100000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.728100000 |
| Current Price | 2.227200000 |
| Next Low | 1.900000000 |
| 2nd Low | 1.429200000 |
| 3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing