ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.052100000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.107800000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.119400000 |
| 2nd High | 1.115000000 |
| Next High | 1.107800000 |
| Current Price | 1.093600000 |
| Next Low | 1.052100000 |
| 2nd Low | 0.838000000 |
| 3rd Low | 0.829600000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top