ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A descent down to the next support line at 0.945000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.119400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ candlestick chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.094100000 |
| Next Low | 0.945000000 |
| 2nd Low | 0.924500000 |
| 3rd Low | 0.838000000 |