The combination Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 0.2594 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.2887 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2963 |
| 2nd High | 0.2922 |
| Next High | 0.2887 |
| Current Price | 0.261700000 |
| Next Low | 0.2594 |
| 2nd Low | 0.2536 |
| 3rd Low | 0.2504 |
0.2887 – 0.2922 – 0.2963 – 0.2685 – 0.2691 – 0.2594 —
0.265400000 – 0.269600000 —
28.052715374087 – 42.063091062338 —
– —
0.2887 – 1772467200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –