ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.2504 is considered certain.

Caution: A possible change in the direction of resistance at 0.2634 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which 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’ heading down is 79%.

0.2634 – 0.2766 – 0.2763 – 0.2504 – 0.2597 – 0.2596 —
0.259000000 – 0.259300000 —
48.223515061759 – 51.492296765391 —
– —
0.2634 – 1770818400

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