ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support at 1.047400000 is likely expected.
Caution: A possible change in the direction of the resistance level at 1.121000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading 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