ADA/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support level at 0.2383 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.254 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

And also a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.254 – 0.2561 – 0.2576 – 0.2383 – 0.243 – 0.2446 —
0.250500000 – 0.253300000 —
53.237363516819 – 53.185837431672 —
– —
0.254 – 1777449600

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