Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 0.888100000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.964300000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979500000 |
| 2nd High | 0.968400000 |
| Next High | 0.964300000 |
| Current Price | 0.896200000 |
| Next Low | 0.888100000 |
| 2nd Low | 0.821800000 |
| 3rd Low | 0.765800000 |
0.964300000 – 0.921900000 – 0.939000000 – 0.888100000 – 0.906500000 – 0.891200000 — 45.835963704582 – 42.186739534947
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –