ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.511000000 will continue.
Caution: A possible change in the direction of the resistance line at 0.723000000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 0.841400000 |
| 2nd High | 0.777100000 |
| Next High | 0.723000000 |
| Current Price | 0.602800000 |
| Next Low | 0.511000000 |
| 2nd Low | |
| 3rd Low |
0.723000000 – 0.707200000 – 0.777100000 – 0.618600000 – 0.654100000 – 0.727700000