ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.823000000 is considered certain.
Caution: A possible change in the direction of resistance at 0.838500000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.850000000 |
| 2nd High | 0.838900000 |
| Next High | 0.838500000 |
| Current Price | 0.832100000 |
| Next Low | 0.823000000 |
| 2nd Low | 0.814300000 |
| 3rd Low | 0.802600000 |
0.838500000 – 0.828100000 – 0.838900000 – 0.823000000 – 0.814300000 – 0.818800000 — 52.419092978596 – 51.540107032628
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –