XRP/USDT – 1H – SELLThe combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at will persist.
Caution: A possible change in the direction of the resistance zone at 1.9907 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.
Additionally a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. 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 probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.0661 |
| 2nd High | 2.0299 |
| Next High | 1.9907 |
| Current Price | 1.918900000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.9907 – 2.0299 – 2.0661 – 1.9016 – 1.8712 – 1.87 —
1.921000000 – 1.928800000 —
51.546890964968 – 53.095365374456 —
– —
1.99070 – 1769032800
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Double top retreat up – –