ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.1651 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative pattern 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%.

0.1651 – 0.1651 – 0.1814 – 0.1586 – 0.1598 – 0.1637 —
0.163900000 – 0.163200000 —
52.923524315562 – 47.099222855911 —
– —
0.1651 – 1781931600

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