Besides a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 0.2757 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.3019 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The pair is likely to go down.
Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.3034 |
| Next High | 0.3019 |
| Current Price | 0.287400000 |
| Next Low | 0.2757 |
| 2nd Low | 0.2685 |
| 3rd Low |
0.3019 – 0.3034 – 0.2936 – 0.2938 – 0.2934 – 0.2757 —
0.300000000 – 0.297700000 —
54.160661706942 – 42.971655307833 —
– —
0.3019 – 1770093000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –