ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A descent downwards to the next support line at 0.850700000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.912300000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The 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 | 0.940300000 |
| 2nd High | 0.928100000 |
| Next High | 0.912300000 |
| Current Price | 0.869700000 |
| Next Low | 0.850700000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing