ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support line at 1.105000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.181900000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. 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 | 1.220000000 |
| 2nd High | 1.198800000 |
| Next High | 1.181900000 |
| Current Price | 1.108100000 |
| Next Low | 1.105000000 |
| 2nd Low | 1.072800000 |
| 3rd Low | 0.994000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing