ADA/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.3530428 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.3707 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

0.3707 – 0.3652 – 0.3739 – 0.3525 – 0.3554 – 0.3466 —
0.360700000 – 0.360400000 —
48.038484558907 – 43.584762860553 —
– —
0.37070 – 1769187600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – – –