ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.829600000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.121000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.326400000 |
| 2nd High | 1.181900000 |
| Next High | 1.121000000 |
| Current Price | 1.062900000 |
| Next Low | 0.829600000 |
| 2nd Low | 0.696100000 |
| 3rd Low | 0.541700000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down