And also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 0.2536 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.3136 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
And also a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3707 |
| 2nd High | 0.3647 |
| Next High | 0.3136 |
| Current Price | 0.278100000 |
| Next Low | 0.2536 |
| 2nd Low | 0.2504 |
| 3rd Low | 0.2205 |
0.3136 – 0.2938 – 0.2899 – 0.2536 – 0.267 – 0.2504 —
0.278500000 – 0.292200000 —
46.190142483998 – 57.157451810501 —
– —
0.3136 – 1772049600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –