ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 0.904300000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.966400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.116200000 |
| 2nd High | 0.974000000 |
| Next High | 0.966400000 |
| Current Price | 0.913100000 |
| Next Low | 0.904300000 |
| 2nd Low | 0.883500000 |
| 3rd Low | 0.879800000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing