ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support at 0.696100000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.154200000 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.154200000 |
| Current Price | 1.032900000 |
| Next Low | 0.696100000 |
| 2nd Low | 0.541700000 |
| 3rd Low | 0.328700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing