ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish movement down to the next support line at 1.140100000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.326400000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. 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 | |
| 2nd High | |
| Next High | 1.326400000 |
| Current Price | 1.204600000 |
| Next Low | 1.140100000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.037500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing