ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support at 0.924500000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.982800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 0.982800000 |
| Current Price | 0.957100000 |
| Next Low | 0.924500000 |
| 2nd Low | 0.838000000 |
| 3rd Low | 0.829600000 |