XRP/USDT – 1H – SELLThe pair Ripple/Tether (XRP/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.4239 is certain.
Caution: A possible change in the direction of the resistance line at 1.4503 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Last Engulfing Bottom:’ candlestick pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.51 |
| 2nd High | 1.4626 |
| Next High | 1.4503 |
| Current Price | 1.418600000 |
| Next Low | 1.4239 |
| 2nd Low | 1.409 |
| 3rd Low | 1.3909 |
1.4503 – 1.4457 – 1.4626 – 1.4239 – 1.409 – 1.4116 —
1.422800000 – 1.421900000 —
34.518361171957 – 34.467108536349 —
– —
1.4503 – 1777046400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –