ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.850700000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 0.912300000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8718456 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.912300000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.940300000 |
| 2nd High | 0.928100000 |
| Next High | 0.912300000 |
| Current Price | 0.876100000 |
| Next Low | 0.850700000 |
| 2nd Low | 0.770000000 |
| 3rd Low | 0.765500000 |