Sell ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.

The bearish trend downwards to the next support line at 1.047400000 is expected.

Caution: A possible change in the direction of resistance at 1.121000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘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’ going down is 79%.

Support & Resistance Price Range*
3rd High 1.181900000
2nd High 1.133200000
Next High 1.121000000
Current Price 1.064200000
Next Low 1.047400000
2nd Low 1.038900000
3rd Low 0.910000000

Download ADA/USDT Signal Image

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