ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.717100000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.765000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.819300000 |
| 2nd High | 0.783900000 |
| Next High | 0.765000000 |
| Current Price | 0.737500000 |
| Next Low | 0.717100000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing