ADA/USDT – 1H – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 0.3161 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.3319 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Last Engulfing Top’ chart pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish pattern signal. The currency 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’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.3319 – 0.3647 – 0.3636 – 0.3161 – 0.318 – 0.3546 —
0.321200000 – 0.312500000 —
36.315112829721 – 29.11791950238 —
– —
0.33190 – 1769799600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –