ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 0.770000000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.904800000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three Line Strike – Bearish’ candle pattern is discovered. The chart forms ‘Three Line Strike – Bearish’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.928100000 |
| 2nd High | 0.912300000 |
| Next High | 0.904800000 |
| Current Price | 0.849600000 |
| Next Low | 0.770000000 |
| 2nd Low | 0.765500000 |
| 3rd Low | 0.720000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Line Strike – Bearish