Then a ‘Triple bottom chart pattern’ chart pattern is found. The formation shows ‘Triple bottom chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.
The combination Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A descent down to the next support line at 0.861600000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.985400000 |
| Next Low | 0.861600000 |
| 2nd Low | 0.833400000 |
| 3rd Low | 0.765800000 |
0.889400000 – 0.857900000 – 0.788900000 – 0.861600000 – 0.833400000 – 0.765800000 — 65.470445066495 – 62.196350869478
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –