ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 0.851000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.912300000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The 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 | 0.872800000 |
| Next Low | 0.851000000 |
| 2nd Low | 0.850700000 |
| 3rd Low | 0.770000000 |