XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 1.995400000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.452200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles form ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.909200000 |
| 2nd High | 2.728100000 |
| Next High | 2.452200000 |
| Current Price | 2.442800000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.429200000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top