ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support line at 1.047400000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.121000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. 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 | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 1.064200000 |
| Next Low | 1.047400000 |
| 2nd Low | 1.038900000 |
| 3rd Low | 0.910000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing