ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descent down to the next support at 0.850700000 is certain.
Caution: A possible change in the direction of the resistance level at 0.928100000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 0.940300000 |
| Next High | 0.928100000 |
| Current Price | 0.869700000 |
| Next Low | 0.850700000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing