ADA/USDT – 1H – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 0.2773 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.2899 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.2899 – 0.2892 – 0.2696 – 0.2773 – 0.2769 – 0.2575 —
0.285000000 – 0.282000000 —
56.032116495145 – 46.691159239638 —
– —
0.2899 – 1771311600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –