ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.774700000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.937300000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Three Inside Down’ chart pattern is discovered. The candles show ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.937300000 |
| Current Price | 0.780600000 |
| Next Low | 0.774700000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.562900000 |
0.937300000 – 0.895500000 – 0.768300000 – 0.774700000 – 0.710500000 – 0.562900000 — 41.840260542046 – 37.511259468105
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – –