XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 1.995400000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.452200000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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