ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 0.3294 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.4228 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Southern Doji’ candle pattern is found. The candles show ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4761 |
| 2nd High | 0.4374 |
| Next High | 0.4228 |
| Current Price | 0.392900000 |
| Next Low | 0.3294 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4228 – 0.4374 – 0.4309 – 0.4011 – 0.3294 – 0.3488 — 43.063794694693 – 42.639901930441 — 82.13473917445 – 69.409175264676 – 91.066511329126 – 81.183734482278
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –