ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.837100000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.879600000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three Inside Down’ candle pattern is discovered. The candles form ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.959700000 |
| 2nd High | 0.892600000 |
| Next High | 0.879600000 |
| Current Price | 0.851200000 |
| Next Low | 0.837100000 |
| 2nd Low | 0.833400000 |
| 3rd Low | 0.765800000 |
0.879600000 – 0.892600000 – 0.892500000 – 0.837100000 – 0.842900000 – 0.895100000 — 43.274483576338 – 41.487720872555
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – – –