The pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.821800000 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.928400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.968400000 |
| 2nd High | 0.964300000 |
| Next High | 0.928400000 |
| Current Price | 0.845800000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.741700000 |
0.928400000 – 0.964300000 – 0.921900000 – 0.855000000 – 0.887400000 – 0.888100000 — 32.693298044644 – 30.730634491345
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –