Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 0.888100000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.964300000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979500000 |
| 2nd High | 0.968400000 |
| Next High | 0.964300000 |
| Current Price | 0.908200000 |
| Next Low | 0.888100000 |
| 2nd Low | 0.821800000 |
| 3rd Low | 0.765800000 |
0.964300000 – 0.921900000 – 0.939000000 – 0.888100000 – 0.906500000 – 0.891200000 — 49.892676530442 – 47.122159934595
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –