And also a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.
The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at will continue.
Caution: A possible change in the direction of the resistance line at 0.305 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.362 |
| 2nd High | 0.3319 |
| Next High | 0.305 |
| Current Price | 0.292800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.305 – 0.3019 – 0.3034 – 0.2938 – 0.2934 – 0.2757 —
0.289200000 – 0.300000000 —
27.109845891815 – 51.203543587979 —
– —
0.305 – 1770132600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –