XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline downwards
A descent down to the next support level at 1.3901 is certain.
Caution: A possible change in the direction of the resistance level at 1.4209 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The candles form ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.4503 |
| 2nd High | 1.4466 |
| Next High | 1.4209 |
| Current Price | 1.408100000 |
| Next Low | 1.3901 |
| 2nd Low | 1.3829 |
| 3rd Low | 1.3814 |
1.4209 – 1.4003 – 1.3999 – 1.3901 – 1.3829 – 1.3814 —
1.410000000 – 1.413800000 —
56.828236619744 – 58.883945550057 —
– —
1.4209 – 1777867200
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –