XRP/USDT – 30M – SELLThe currency pair Ripple/Tether (XRP/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support at is expected.
Caution: A possible change in the direction of the resistance level at 1.51 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. 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 | 1.6714 |
| 2nd High | 1.5414 |
| Next High | 1.51 |
| Current Price | 1.419300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.51 – 1.4664 – 1.4156 – 1.4235 – 1.4246 – 1.4225 —
1.432100000 – 1.422600000 —
44.734389760037 – 40.603471165563 —
– —
1.51 – 1776436200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –