ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 1.093500000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.198800000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.224000000 |
| 2nd High | 1.220000000 |
| Next High | 1.198800000 |
| Current Price | 1.115200000 |
| Next Low | 1.093500000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.055700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing