ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.770000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.154200000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.154200000 |
| Current Price | 1.065300000 |
| Next Low | 0.770000000 |
| 2nd Low | 0.765500000 |
| 3rd Low | 0.720000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing