ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A bearish movement down to the next support at 0.765800000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.857900000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘RSI fall below 70’ indicator layout is existing. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Last Engulfing Top’ candlestick pattern is existing. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.857900000 |
| Current Price | 0.853000000 |
| Next Low | 0.765800000 |
| 2nd Low | 0.741700000 |
| 3rd Low | 0.734000000 |
0.857900000 – 0.788900000 – 0.833800000 – 0.765800000 – 0.766200000 – 0.782900000 — 74.965074844919 – 66.910403898124
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –