ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards

A descending movement down to the next support line at 0.247 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 0.2599 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.2599 – 0.255 – 0.2518 – 0.247 – 0.2473 – 0.2475 —
0.259200000 – 0.257700000 —
72.3312206202 – 56.674174606967 —
– —
0.2599 – 1777977000

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