ADA/USDT – 30M – SELL

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

A descending movement down to the next support line at 0.1654 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.187 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

And also a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. 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%.

0.187 – 0.1737 – 0.1758 – 0.1654 – 0.1712 – 0.169 —
0.181900000 – 0.189500000 —
61.599665654328 – 78.308456529563 —
– —
0.187 – 1781481600

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