The pair Ripple/Tether (XRP/USDT) moves from the ascending trendline down.
A descent down to the next support line at 1.055600000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.123000000 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.1157 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 1.123000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern 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 |
1.175800000 |
2nd High |
1.148000000 |
Next High |
1.123000000 |
Current Price |
1.120000000 |
Next Low |
1.055600000 |
2nd Low |
1.031500000 |
3rd Low |
1.002600000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing