And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support at 0.852400000 will persist.
Caution: A possible change in the direction of the resistance level at 0.938600000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going 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 – –