ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support line at 1.047400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.121000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. this 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 1.064200000 |
| Next Low | 1.047400000 |
| 2nd Low | 1.038900000 |
| 3rd Low | 0.910000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing