The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 0.782900000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.833800000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Then a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.834400000 |
| Next High | 0.833800000 |
| Current Price | 0.778900000 |
| Next Low | 0.782900000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.833800000 – 0.808600000 – 0.834400000 – 0.782900000 – 0.791100000 – 0.784400000 — 34.499237311711 – 32.250754701105
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –