ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.726700000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.768300000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.768300000 |
| Current Price | 0.739400000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.768300000 – 0.756200000 – 0.748600000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Last Engulfing Top –