ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards

A descent downwards to the next support at 0.2408 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.2514 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.2514 – 0.2509 – 0.268 – 0.2408 – 0.2444 – 0.252 —
0.248400000 – 0.251000000 —
49.069161686782 – 60.08324264319 —
– —
0.2514 – 1776718800

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