ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.536600000 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.611700000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Top’. 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 likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.645000000 |
| 2nd High | 0.642600000 |
| Next High | 0.611700000 |
| Current Price | 0.553000000 |
| Next Low | 0.536600000 |
| 2nd Low | 0.511000000 |
| 3rd Low |
0.611700000 – 0.642600000 – 0.645000000 – 0.588000000 – 0.599800000 – 0.613100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Last Engulfing Top