ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish trend down to the next support level at 0.823000000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.850000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Tweezers Top’ candlestick pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.879900000 |
| Next High | 0.850000000 |
| Current Price | 0.861000000 |
| Next Low | 0.823000000 |
| 2nd Low | 0.814300000 |
| 3rd Low | 0.802600000 |
0.850000000 – 0.843700000 – 0.840300000 – 0.823000000 – 0.814300000 – 0.802600000 — 79.304495668462 – 70.855575647706
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Tweezers Top – – –