The combination Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.2699 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.2874 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. this 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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3027 |
| 2nd High | 0.2899 |
| Next High | 0.2874 |
| Current Price | 0.283400000 |
| Next Low | 0.2699 |
| 2nd Low | 0.267 |
| 3rd Low | 0.2582 |
0.28 – 0.2753 – 0.274 – 0.2699 – 0.271 – 0.267 —
0.275800000 – 0.286500000 —
51.081980984684 – 61.090262493899 —
– —
0.28 – 1771581600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –