ADA/USDT – 1H – SELL

The combination Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards

A descent downwards to the next support at 0.2441 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.2576 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.2492 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.2576 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. 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’ going down is 79%.

0.2576 – 0.2525 – 0.2514 – 0.2441 – 0.2408 – 0.2444 —
0.256100000 – 0.253800000 —
66.987556060115 – 52.562109503386 —
– —
0.2576 – 1776834000

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