And also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 0.774700000 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.937300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.937300000 |
| Current Price | 0.792000000 |
| Next Low | 0.774700000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.562900000 |
0.937300000 – 0.895500000 – 0.768300000 – 0.774700000 – 0.710500000 – 0.562900000 — 40.272904238489 – 38.715414681699
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –