ADA/USDT – 30M – SELLNext a ‘Triple bottom chart pattern’ chart formation is discovered. The chart shows ‘Triple bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to go up.
The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support level at 0.4298 is expected.
Caution: A possible change in the direction of the resistance line at 0.4453 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘RSI fall below 70’ indicator signal is found. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart scenario. The pair is likely to go down.
Next a ‘Last Engulfing Top’ candlestick pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4453 |
| Current Price | 0.440300000 |
| Next Low | 0.4298 |
| 2nd Low | 0.3854 |
| 3rd Low | 0.3707 |
0.439 – 0.3937 – 0.4274 – 0.4298 – 0.3854 – 0.3707 — 73.787402656064 – 67.509575081651 — 30.754136961214 – 35.655883950625 – 25.745931271215 – 30.11871856779
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern – –