ADA/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.568800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.588400000 |
| 2nd High | 0.581900000 |
| Next High | 0.568800000 |
| Current Price | 0.557800000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.568800000 – 0.563300000 – 0.581900000 – 0.555400000 – 0.545000000 – 0.548800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – – Rising Wedge Chart Pattern