ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 1.056500000 is expected.
Caution: A possible change in the direction of the resistance zone at 1.119400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a negative pattern 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 | 1.065300000 |
| Next Low | 1.056500000 |
| 2nd Low | 0.945000000 |
| 3rd Low | 0.924500000 |