ADA/USDT – 30M – SELL

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

A bearish descent downwards to the next support line at 0.247300000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.2518 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

0.2518 – 0.2528 – 0.2515 – 0.247300000 – 0.2475 – 0.247 —
0.249500000 – 0.253800000 —
36.371866425233 – 66.792102002942 —
0.247300000 – 1777852800 —
0.2518 – 1777840200

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