ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.892800000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.041900000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.097800000 |
| 2nd High | 1.073000000 |
| Next High | 1.041900000 |
| Current Price | 1.015900000 |
| Next Low | 0.892800000 |
| 2nd Low | 0.874300000 |
| 3rd Low | 0.851800000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing