ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) moves from the ascending trendline down.

A descending movement downwards to the next support at 0.2576 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.3136 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

0.3136 – 0.2716 – 0.2628 – 0.2576 – 0.2536 – 0.2558 —
0.312400000 – 0.297000000 —
83.559104141355 – 53.591756730175 —
– —
0.3136 – 1772055000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – – –