XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 2.169500000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 2.207600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.317300000 |
| 2nd High | 2.237900000 |
| Next High | 2.207600000 |
| Current Price | 2.184500000 |
| Next Low | 2.169500000 |
| 2nd Low | 2.133400000 |
| 3rd Low | 2.114900000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing