ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.910000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.121000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 0.912600000 |
| Next Low | 0.910000000 |
| 2nd Low | 0.892800000 |
| 3rd Low | 0.874300000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing