There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 0.1654 is expected.
Caution: A possible change in the direction of the resistance level at 0.19 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.248 |
| 2nd High | 0.2394 |
| Next High | 0.19 |
| Current Price | 0.169200000 |
| Next Low | 0.1654 |
| 2nd Low | 0.1582 |
| 3rd Low | 0.1486 |
0.19 – 0.1745 – 0.2394 – 0.1654 – 0.1582 – 0.1486 —
0.186600000 – 0.175000000 —
53.986563741273 – 46.642698564947 —
– —
0.19 – 1781524800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –