ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 1.047400000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.121000000 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. this 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 likelyhood of ‘Bearish Engulfing’ heading 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