XRP/USDT – 30M – SELLThe pair Ripple/Tether (XRP/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 1.3415 will persist.
Caution: A possible change in the direction of the resistance line at 1.3603 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3749 |
| 2nd High | 1.3733 |
| Next High | 1.3603 |
| Current Price | 1.347300000 |
| Next Low | 1.3415 |
| 2nd Low | 1.3366 |
| 3rd Low | 1.3341 |
1.3603 – 1.3733 – 1.3749 – 1.3415 – 1.3468 – 1.3606 —
1.364900000 – 1.353700000 —
56.309773228862 – 40.529386919906 —
– —
1.3603 – 1772928000
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –