ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A descent downwards to the next support level at 0.885300000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.019300000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.019300000 |
| Current Price | 0.899600000 |
| Next Low | 0.885300000 |
| 2nd Low | 0.861600000 |
| 3rd Low | 0.833400000 |
1.019300000 – 0.889400000 – 0.857900000 – 0.885300000 – 0.861600000 – 0.833400000 — 38.646233719276 – 36.690786661568
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –