ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish trend down to the next support level at 1.056700000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.326400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Evening Star’ candlestick chart pattern is discovered. The chart forms ‘Evening Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.326400000 |
| Current Price | 1.189000000 |
| Next Low | 1.056700000 |
| 2nd Low | 1.037500000 |
| 3rd Low | 0.969300000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Evening Star