The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 0.829600000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.881400000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.912300000 |
2nd High | 0.904800000 |
Next High | 0.881400000 |
Current Price | 0.851300000 |
Next Low | 0.829600000 |
2nd Low | 0.770000000 |
3rd Low | 0.765500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows