ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 0.685900000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.712600000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
Then a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.760100000 |
| 2nd High | 0.715800000 |
| Next High | 0.712600000 |
| Current Price | 0.706900000 |
| Next Low | 0.685900000 |
| 2nd Low | 0.656500000 |
| 3rd Low | 0.651700000 |
0.712600000 – 0.715800000 – 0.677700000 – 0.685900000 – 0.656500000 – 0.651700000