XRP/USDT – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Ripple/Tether (XRP/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support at 1.365 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.5414 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.9378 |
| 2nd High | 1.6714 |
| Next High | 1.5414 |
| Current Price | 1.449100000 |
| Next Low | 1.365 |
| 2nd Low | 1.3218 |
| 3rd Low | 1.27 |
1.5414 – 1.4528 – 1.4427 – 1.365 – 1.3218 – 1.3341 —
1.472000000 – 1.460700000 —
51.988657057286 – 49.607022480451 —
– —
1.5414 – 1773806400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –