XRP/USDT – 1H – SELL

The currency pair Ripple/Tether (XRP/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 1.418 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 1.4503 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.4503 – 1.4457 – 1.4626 – 1.418 – 1.4239 – 1.409 —
1.431800000 – 1.430200000 —
56.745317046251 – 53.777930252196 —
– —
1.4503 – 1777046400

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –