ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at will continue.
Caution: A possible trend reversal in the direction of resistance at 0.4823 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Last Engulfing Top’ candle pattern is found. The candles form ‘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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5093 |
| 2nd High | 0.4997 |
| Next High | 0.4823 |
| Current Price | 0.468700000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.4823 – 0.4718 – 0.4997 – 0.4562 – 0.4735 – 0.4925 — 51.13511066026 – 44.629090383176 — 55.655349046482 – 47.570345758488 – 58.941612155193 – 53.121863427128
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –