ADA/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.611900000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading 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