ADA/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support level at 0.904500000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.987800000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Tweezers Top’ chart pattern is found. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.987800000 |
| Current Price | 0.920100000 |
| Next Low | 0.904500000 |
| 2nd Low | 0.901100000 |
| 3rd Low | 0.878100000 |
0.987800000 – 0.977700000 – 0.964300000 – 0.904500000 – 0.901100000 – 0.910700000 — 40.259401101308 – 38.090329102499
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –