ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A bearish descent down to the next support at 0.972000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.073000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.148000000 |
| 2nd High | 1.097800000 |
| Next High | 1.073000000 |
| Current Price | 1.000600000 |
| Next Low | 0.972000000 |
| 2nd Low | 0.936400000 |
| 3rd Low | 0.851800000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing