ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards

A bearish descent down to the next support at 0.717100000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.783900000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Download ADA/USDT Signal Image

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