ADA/USDT – 4H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A descending movement down to the next support line at 0.829600000 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.119400000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.088900000 |
| Next Low | 0.829600000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing