XRP/USDT – 1H – SELL

The pair Ripple/Tether (XRP/USDT) jumps from the ascending trendline down.

A bearish descent downwards to the next support line at 1.3901 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.4209 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which 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 ‘Bearish Engulfing’ heading down is 79%.

1.4209 – 1.4003 – 1.3999 – 1.3901 – 1.3829 – 1.3814 —
1.406700000 – 1.413900000 —
52.515705758643 – 61.977927944343 —
– —
1.4209 – 1777867200

Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing – – –