ADA/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 0.2596 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.278800000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.278800000 |
| Current Price | 0.274900000 |
| Next Low | 0.2596 |
| 2nd Low | 0.247 |
| 3rd Low | 0.2383 |
0.278800000 – 0.2704 – 0.2731 – 0.2596 – 0.2632 – 0.247 —
0.278800000 – 0.278100000 —
75.861561711834 – 64.117779134841 —
0.278800000 – 1778274000 —
– 1778274000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –