ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descent down to the next support level at 1.056500000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 1.119400000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.085900000 |
| Next Low | 1.056500000 |
| 2nd Low | 0.838000000 |
| 3rd Low | 0.829600000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing