And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support level at 0.852400000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.938600000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.938600000 |
| Current Price | 0.852500000 |
| Next Low | 0.852400000 |
| 2nd Low | 0.802600000 |
| 3rd Low | 0.781800000 |
0.938600000 – 0.954000000 – 0.850000000 – 0.852400000 – 0.802600000 – 0.781800000 — 44.59204767118 – 32.895425653602
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –