ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.558700000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.585700000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.611700000 |
| 2nd High | 0.588400000 |
| Next High | 0.585700000 |
| Current Price | 0.560900000 |
| Next Low | 0.558700000 |
| 2nd Low | 0.555000000 |
| 3rd Low | 0.545000000 |
0.585700000 – 0.566600000 – 0.568700000 – 0.558700000 – 0.555000000 – 0.559000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows –