ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 0.3874 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.4052 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4374 |
| 2nd High | 0.4228 |
| Next High | 0.4052 |
| Current Price | 0.389600000 |
| Next Low | 0.3874 |
| 2nd Low | 0.3849 |
| 3rd Low | 0.3294 |
0.4052 – 0.4007 – 0.4228 – 0.3874 – 0.3849 – 0.4011 — 43.632047297341 – 42.75791588104 — 15.705533218457 – 11.072081904776 – 23.143787095539 – 16.64238201472
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –