ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.2685 will persist.

Caution: A possible change in the direction of resistance at 0.2992 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish 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%.

0.2992 – 0.2978 – 0.3319 – 0.2685 – 0.307 – 0.3161 —
0.296400000 – 0.291200000 —
50.493212730523 – 42.049031527148 —
– —
0.29920 – 1769931000

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