XRP/USDT – 4H – SELLThe pair Ripple/Tether (XRP/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.409 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.4626 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart shows ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.5414 |
| 2nd High | 1.51 |
| Next High | 1.4626 |
| Current Price | 1.432800000 |
| Next Low | 1.409 |
| 2nd Low | 1.3909 |
| 3rd Low | 1.3193 |
1.4626 – 1.51 – 1.3752 – 1.409 – 1.3909 – 1.3193 —
1.441000000 – 1.443000000 —
49.919761486157 – 50.277127810428 —
– —
1.4626 – 1776859200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: – – –