ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A descent down to the next support at 1.194000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.228000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick pattern is existing. 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.241700000 |
| 2nd High | 1.239300000 |
| Next High | 1.228000000 |
| Current Price | 1.200600000 |
| Next Low | 1.194000000 |
| 2nd Low | 1.188100000 |
| 3rd Low | 1.113800000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing