ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 0.741700000 is likely expected.
Caution: A possible change in the direction of the resistance level at 0.801200000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. which could be a negative signal. The pair is likely to go down.
And also a ‘Last Engulfing Top’ candlestick chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.855900000 |
| 2nd High | 0.809900000 |
| Next High | 0.801200000 |
| Current Price | 0.799700000 |
| Next Low | 0.741700000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.719700000 |
0.801200000 – 0.774000000 – 0.746200000 – 0.741700000 – 0.734000000 – 0.719700000 — 69.082549337805 – 65.398985429805
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –