ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.3466 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.3739 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Top’. which is a bearish 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’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4273 |
| 2nd High | 0.4042 |
| Next High | 0.3739 |
| Current Price | 0.360200000 |
| Next Low | 0.3466 |
| 2nd Low | 0.3421 |
| 3rd Low | 0.3294 |
0.3739 – 0.4042 – 0.4273 – 0.3466 – 0.3421 – 0.3788 — 45.056497447598 – 43.513308168016 — 68.149591721929 – 62.424857404849 – 71.599039044025 – 66.947982752615
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –