XRP/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.39625 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.4209 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4503 |
| 2nd High | 1.4466 |
| Next High | 1.4209 |
| Current Price | 1.406300000 |
| Next Low | 1.3829 |
| 2nd Low | 1.3814 |
| 3rd Low | 1.3809 |
1.4209 – 1.399 – 1.4003 – 1.3829 – 1.3814 – 1.3809 —
1.411300000 – 1.407700000 —
58.511932083597 – 54.095240639183 —
– —
1.4209 – 1777867200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –