ADA/USDT – 4H – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.611900000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
There is also a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777100000 |
| 2nd High | 0.723000000 |
| Next High | 0.611900000 |
| Current Price | 0.574200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.611900000 – 0.588400000 – 0.723000000 – 0.562900000 – 0.555000000 – 0.545000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern