ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support level at 1.056700000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.268700000 |
| Next Low | 1.056700000 |
| 2nd Low | 1.055700000 |
| 3rd Low | 1.037500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing