ADA/USDT – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of the resistance level at 0.2629 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.2629 – 0.2601 – 0.2594 – 0.2458 – 0.2481 – 0.2496 —
0.259000000 – 0.257600000 —
56.27955817201 – 52.738683266695 —
– —
0.2629 – 1773084600

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