ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A bearish descent down to the next support level at 0.829600000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.904800000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. 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 probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.928100000 |
| 2nd High | 0.912300000 |
| Next High | 0.904800000 |
| Current Price | 0.852800000 |
| Next Low | 0.829600000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing