ADA/USDT – 4H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A descent downwards to the next support line at 0.774700000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.937300000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading 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 –