ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards

A continuation of the downward movement down to the next support line at 0.279 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.2866 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.2834 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.2866 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Last Engulfing Top’ candle pattern is detected. The chart shows ‘Last Engulfing Top’. this 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 success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.2866 – 0.2868 – 0.2899 – 0.279 – 0.2773 – 0.283 —
0.282500000 – 0.283700000 —
39.206757678497 – 50.335685282395 —
– —
0.2866 – 1771401600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –