ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 0.555400000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.568800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. this 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 | 0.585600000 |
| 2nd High | 0.581900000 |
| Next High | 0.568800000 |
| Current Price | 0.565500000 |
| Next Low | 0.555400000 |
| 2nd Low | 0.545000000 |
| 3rd Low | 0.510000000 |
0.568800000 – 0.564500000 – 0.563300000 – 0.555400000 – 0.545000000 – 0.548800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows –