ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.052100000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.082400000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Last Engulfing Top’ candle pattern is existing. The candles form ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.119400000 |
| 2nd High | 1.093000000 |
| Next High | 1.082400000 |
| Current Price | 1.078800000 |
| Next Low | 1.052100000 |
| 2nd Low | 0.945000000 |
| 3rd Low | 0.924500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top