ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.037800000 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.149800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.154200000 |
| Next High | 1.149800000 |
| Current Price | 1.085700000 |
| Next Low | 1.037800000 |
| 2nd Low | 0.969300000 |
| 3rd Low | 0.874300000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing