XRP/USDT – 30M – SELLThe combination Ripple/Tether (XRP/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.3814 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.4003 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4466 |
| 2nd High | 1.4067 |
| Next High | 1.4003 |
| Current Price | 1.395800000 |
| Next Low | 1.3814 |
| 2nd Low | 1.3809 |
| 3rd Low | 1.3716 |
1.4003 – 1.3999 – 1.3804 – 1.3814 – 1.3809 – 1.3716 —
1.390400000 – 1.397500000 —
55.257345996374 – 65.695041157342 —
– —
1.4003 – 1777757400
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –