XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.995400000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.728100000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2.909200000 |
| Next High | 2.728100000 |
| Current Price | 2.382300000 |
| Next Low | 1.995400000 |
| 2nd Low | 1.900000000 |
| 3rd Low | 1.283300000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing