ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.901100000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.924600000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Top’ chart pattern is discovered. The candles show ‘Last Engulfing Top’. this is a bearish pattern signal. 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 | 1.019300000 |
| 2nd High | 0.977700000 |
| Next High | 0.924600000 |
| Current Price | 0.950400000 |
| Next Low | 0.901100000 |
| 2nd Low | 0.878100000 |
| 3rd Low | 0.861600000 |
0.924600000 – 0.977700000 – 0.964300000 – 0.901100000 – 0.910700000 – 0.878100000 — 71.457293252464 – 68.668845624767
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –