The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 1.047400000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.121000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. 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