The combination Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.765800000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.879900000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.964300000 |
| Next High | 0.879900000 |
| Current Price | 0.817000000 |
| Next Low | 0.765800000 |
| 2nd Low | 0.708500000 |
| 3rd Low | 0.562900000 |
0.879900000 – 0.964300000 – 0.942600000 – 0.826700000 – 0.821800000 – 0.837100000 — 39.921571079673 – 37.747106389262
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –