Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support level at 0.904500000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.968400000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.
Also there is a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.979500000 |
| Next High | 0.968400000 |
| Current Price | 0.920100000 |
| Next Low | 0.904500000 |
| 2nd Low | 0.901100000 |
| 3rd Low | 0.878100000 |
0.968400000 – 0.979500000 – 0.987800000 – 0.943400000 – 0.904500000 – 0.901100000 — 33.520824527252 – 33.003933057974
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –