ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.837100000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.879600000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.959700000 |
| 2nd High | 0.892600000 |
| Next High | 0.879600000 |
| Current Price | 0.851800000 |
| Next Low | 0.837100000 |
| 2nd Low | 0.833400000 |
| 3rd Low | 0.765800000 |
0.879600000 – 0.892600000 – 0.892500000 – 0.837100000 – 0.842900000 – 0.895100000 — 44.609461081066 – 40.499058585557
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –