The combination Cardano/Tether (ADA/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.821800000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.928400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Inside Down’ candle chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.968400000 |
| 2nd High | 0.964300000 |
| Next High | 0.928400000 |
| Current Price | 0.865300000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.741700000 |
0.928400000 – 0.964300000 – 0.921900000 – 0.887400000 – 0.888100000 – 0.906500000 — 42.721451668493 – 39.706459104892
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – – –