ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 0.245 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.2483 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.2483 – 0.2484 – 0.2478 – 0.245 – 0.2383 – 0.2461 —
0.246700000 – 0.247200000 —
47.106329911685 – 51.376560348278 —
– —
0.2483 – 1777563000

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