ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 1.047400000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.121000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘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 chance 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