ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A descending movement down to the next support level at 1.037800000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.099600000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.154200000 |
| 2nd High | 1.148000000 |
| Next High | 1.099600000 |
| Current Price | 1.126900000 |
| Next Low | 1.037800000 |
| 2nd Low | 0.969300000 |
| 3rd Low | 0.892800000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing