ADA/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.258 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.2668 could occur.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

0.2668 – 0.2679 – 0.2739 – 0.258 – 0.2566 – 0.261 —
0.259600000 – 0.262900000 —
40.334002610192 – 58.239800998668 —
– —
0.2668 – 1773255600

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