ADA/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.

A bearish trend downwards to the next support at 0.1712 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.1758 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish 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%.

0.1758 – 0.1744 – 0.1736 – 0.1712 – 0.1677 – 0.1641 —
0.173500000 – 0.173300000 —
53.178976766176 – 48.797452727209 —
– —
0.1758 – 1781362800

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –