ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.821800000 will persist.
Caution: A possible change in the direction of the resistance level at 0.987800000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish chart scenario. 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 | |
| 2nd High | 1.019300000 |
| Next High | 0.987800000 |
| Current Price | 0.902800000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.708500000 |
0.987800000 – 1.019300000 – 0.834400000 – 0.821800000 – 0.837100000 – 0.765800000 — 55.54100498259 – 51.697180032919
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –