ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support line at 1.047400000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.121000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick pattern is existing. 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 chance of ‘Bearish Engulfing’ heading 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