ADA/USDT – 30M – SELL

Next a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Current target is 0.286859 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.2923 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.2923 – 0.2936 – 0.2673 – 0.2864 – 0.2836 – 0.2621 —
0.290000000 – 0.291000000 —
54.619453061848 – 58.491203090328 —
– —
0.2923 – 1773781200

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