ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.4562 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.4997 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5809 |
| 2nd High | 0.5093 |
| Next High | 0.4997 |
| Current Price | 0.468900000 |
| Next Low | 0.4562 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4997 – 0.5093 – 0.5809 – 0.4562 – 0.4735 – 0.4925 — 47.306861658645 – 46.245863058664 — 99.319182045858 – 96.455149097286 – 91.179534910871 – 97.601967208685
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –