ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 0.769400000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.789800000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ candle chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.855900000 |
| 2nd High | 0.809900000 |
| Next High | 0.789800000 |
| Current Price | 0.758700000 |
| Next Low | 0.769400000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.814100000 — 37.731163287593 – 37.321306301485
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – –