ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 1.052100000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.119400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.090200000 |
| Next Low | 1.052100000 |
| 2nd Low | 0.838000000 |
| 3rd Low | 0.829600000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing