ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.838000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.116200000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 1.119400000 |
| Next High | 1.116200000 |
| Current Price | 0.896900000 |
| Next Low | 0.838000000 |
| 2nd Low | 0.829600000 |
| 3rd Low | 0.770000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Belt Hold