ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 0.838000000 will persist.
Caution: A possible change in the direction of the resistance zone at 1.121000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Harami’ candle chart pattern is found. The candles form ‘Bearish Harami’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.181900000 |
| 2nd High | 1.133200000 |
| Next High | 1.121000000 |
| Current Price | 1.035800000 |
| Next Low | 0.838000000 |
| 2nd Low | 0.829600000 |
| 3rd Low | 0.770000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Harami