Sell ADA/USDT – 1H – SELL

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

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