ADA/USDT – 1H – SELL

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

A descent down to the next support at 0.2476 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.267 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.267 – 0.2664 – 0.273 – 0.2476 – 0.248 – 0.2523 —
0.262500000 – 0.266000000 —
54.885428015955 – 66.708434176919 —
– —
0.267 – 1774278000

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