Also there is a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 0.789800000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.855900000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.855900000 |
| Current Price | 0.806600000 |
| Next Low | 0.789800000 |
| 2nd Low | 0.775900000 |
| 3rd Low | 0.741700000 |
0.806900000 – 0.801200000 – 0.774000000 – 0.789800000 – 0.775900000 – 0.741700000 — 64.474857587054 – 58.943762700334
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – – Double bottom retreat down – –