The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.1598 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.1651 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.1689 |
| 2nd High | 0.1675 |
| Next High | 0.1651 |
| Current Price | 0.159700000 |
| Next Low | 0.1598 |
| 2nd Low | 0.1582 |
| 3rd Low | 0.158 |
0.1651 – 0.1675 – 0.1689 – 0.1598 – 0.1639 – 0.1637 —
0.161200000 – 0.161100000 —
37.171820770108 – 40.464239633996 —
– —
0.1651 – 1781830800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –