ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.710500000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.841400000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Shooting Star’ candle chart pattern is existing. The chart forms ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.864300000 |
| Next High | 0.841400000 |
| Current Price | 0.821200000 |
| Next Low | 0.710500000 |
| 2nd Low | 0.562900000 |
| 3rd Low | 0.555000000 |
0.768300000 – 0.777400000 – 0.611900000 – 0.710500000 – 0.562900000 – 0.555000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Shooting Star –