ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support at 1.047400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.121000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. 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
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing