ADA/USDT – 30M – SELLNext a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 0.1712 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.173700000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Next a ‘Last Engulfing Top’ chart pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.1758 |
| Next High | 0.173700000 |
| Current Price | 0.171500000 |
| Next Low | 0.1712 |
| 2nd Low | 0.169 |
| 3rd Low | 0.1687 |
0.173700000 – 0.1758 – 0.1742 – 0.1712 – 0.169 – 0.1687 —
0.173700000 – 0.172400000 —
53.814311954729 – 48.06365224016 —
0.173700000 – 1781402400 —
– 1781402400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –