ADA/USDT – 1H – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.2843 could occur.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Last Engulfing Bottom:’ chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. 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 chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.2843 – 0.305 – 0.3034 – 0.2205 – 0.2817 – 0.2934 —
0.274700000 – 0.272500000 —
54.69152269087 – 48.898434206942 —
– —
0.2843 – 1770397200

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –