ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.882500000 will persist.
Caution: A possible trend reversal in the direction of resistance at 0.964300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Inside Down’ candlestick pattern is discovered. The candles show ‘Three Inside Down’. 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 chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.964300000 |
| Current Price | 0.925600000 |
| Next Low | 0.882500000 |
| 2nd Low | 0.865800000 |
| 3rd Low | 0.852500000 |
0.909700000 – 0.898100000 – 0.896700000 – 0.882500000 – 0.865800000 – 0.852500000 — 58.898274029613 – 49.918053448267
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – – –