ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descent down to the next support level at 1.113800000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.228000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 1.241700000 |
| 2nd High | 1.239300000 |
| Next High | 1.228000000 |
| Current Price | 1.179400000 |
| Next Low | 1.113800000 |
| 2nd Low | 1.056700000 |
| 3rd Low | 1.037500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing