ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.855000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.879800000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.928400000 |
| Next High | 0.879800000 |
| Current Price | 0.834100000 |
| Next Low | 0.855000000 |
| 2nd Low | 0.821800000 |
| 3rd Low | 0.765800000 |
0.879800000 – 0.928400000 – 0.964300000 – 0.855000000 – 0.887400000 – 0.888100000 — 33.756705769407 – 32.013471812345
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –