There is also 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 go down.
The combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support level at 0.796400000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.820500000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Shooting Star’ chart pattern is found. The chart shows ‘Shooting Star’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.900800000 |
| 2nd High | 0.855900000 |
| Next High | 0.820500000 |
| Current Price | 0.815700000 |
| Next Low | 0.796400000 |
| 2nd Low | 0.789800000 |
| 3rd Low | 0.775900000 |
0.820500000 – 0.806900000 – 0.801200000 – 0.796400000 – 0.789800000 – 0.775900000 — 55.260977670594 – 55.140578556363
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –