ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.696100000 will persist.
Caution: A possible trend reversal in the direction of resistance at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.056200000 |
| Next Low | 0.696100000 |
| 2nd Low | 0.541700000 |
| 3rd Low | 0.328700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing