XRP/USDT – 4H – SELLThere is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Ripple/Tether (XRP/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support line at 1.8873 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 1.9907 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 3.1397 |
| 2nd High | 3.0998 |
| Next High | 1.9907 |
| Current Price | 1.899600000 |
| Next Low | 1.8873 |
| 2nd Low | 1.87 |
| 3rd Low | 1.847 |
1.9907 – 3.0998 – 2.9955 – 1.8873 – 1.87 – 1.847 —
1.921400000 – 1.913000000 —
41.489823400666 – 42.068777529292 —
– —
1.99070 – 1769025600
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –