ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 0.2596 is expected.

Caution: A possible change in the direction of the resistance line at 0.2766 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.2766 – 0.2763 – 0.2843 – 0.2596 – 0.267 – 0.2686 —
0.267700000 – 0.271500000 —
45.211649545304 – 53.095430718773 —
– —
0.2766 – 1770591600

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