ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A descending movement down to the next support level at 0.838000000 will persist.
Caution: A possible change in the direction of the resistance line at 1.119400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Last Engulfing Top’ candle pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.065300000 |
| Next Low | 0.838000000 |
| 2nd Low | 0.829600000 |
| 3rd Low | 0.770000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top