ADA/USDT – 4H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 0.858900000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.940300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ chart pattern is detected. The candles show ‘Three Outside Down’. which is a negative 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.121000000 |
| Next High | 0.940300000 |
| Current Price | 0.870300000 |
| Next Low | 0.858900000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down