XRP/USDT – 30M – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Ripple/Tether (XRP/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support level at 2.811000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 2.865400000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.922700000 |
| 2nd High | 2.869300000 |
| Next High | 2.865400000 |
| Current Price | 2.865200000 |
| Next Low | 2.811000000 |
| 2nd Low | 2.762000000 |
| 3rd Low | 2.697500000 |
2.865400000 – 2.845500000 – 2.832900000 – 2.811000000 – 2.762000000 – 2.697500000 — 63.796805155112 – 59.07290529391
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –