XRP/USDT – 30M – SELL

The combination Ripple/Tether (XRP/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support level at 1.3485 is expected.

Caution: A possible change in the direction of the resistance zone at 1.4381 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this 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’ heading down is 79%.

1.4381 – 1.4891 – 1.4943 – 1.4102 – 1.4268 – 1.4616 —
1.416000000 – 1.399800000 —
39.55793813243 – 36.523626763547 —
– —
1.4381 – 1771486200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Double top chart pattern – –