XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 2.200100000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 2.398600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The chart forms ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.474300000 |
| 2nd High | 2.468300000 |
| Next High | 2.398600000 |
| Current Price | 2.279300000 |
| Next Low | 2.200100000 |
| 2nd Low | 1.995400000 |
| 3rd Low | 1.900000000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: