ADA/USDT – 1H – SELL

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

A bearish movement downwards to the next support at 1.047400000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 1.121000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download ADA/USDT Signal Image

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing