ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.2583 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.2642 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2679 |
| 2nd High | 0.2668 |
| Next High | 0.2642 |
| Current Price | 0.262200000 |
| Next Low | 0.2583 |
| 2nd Low | 0.258 |
| 3rd Low | 0.2566 |
0.2642 – 0.2668 – 0.2679 – 0.2583 – 0.258 – 0.2566 —
0.263100000 – 0.262700000 —
52.507473887306 – 53.684664540251 —
– —
0.2642 – 1773318600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – – –