ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 1.047400000 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.121000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The 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 | 1.181900000 |
| 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