The pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 0.720000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.848400000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 0.848400000 |
Current Price | 0.791500000 |
Next Low | 0.720000000 |
2nd Low | 0.717100000 |
3rd Low | 0.696100000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing