ADA/USDT – 4H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern 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) goes from the ascending trendline down.
A bearish movement downwards to the next support at is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.611900000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777100000 |
| 2nd High | 0.723000000 |
| Next High | 0.611900000 |
| Current Price | 0.574200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.611900000 – 0.588400000 – 0.723000000 – 0.562900000 – 0.555000000 – 0.545000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern