The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.964300000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979500000 |
| 2nd High | 0.968400000 |
| Next High | 0.964300000 |
| Current Price | 0.882300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.964300000 – 0.921900000 – 0.939000000 – 0.887400000 – 0.888100000 – 0.906500000 — 39.746060297996 – 35.05389932211
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –