ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.2584 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.2887 could happen.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Last Engulfing Top’ candlestick pattern is existing. The chart forms ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.2721 – 0.2887 – 0.2922 – 0.2584 – 0.2685 – 0.2691 —
0.271000000 – 0.281800000 —
54.656822821637 – 73.378908762982 —
– —
0.2721 – 1772553600

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