ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.2817 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.305 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Top’ candlestick pattern is detected. The chart shows ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

0.305 – 0.3019 – 0.3034 – 0.2817 – 0.2938 – 0.2934 —
0.301800000 – 0.299700000 —
59.222826135698 – 55.813340092408 —
– —
0.305 – 1770132600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – – –