ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 0.821800000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.942600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Southern Doji’ candle chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.942600000 |
| Current Price | 0.836700000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.708500000 |
0.942600000 – 0.987800000 – 1.019300000 – 0.821800000 – 0.837100000 – 0.765800000 — 35.847244745134 – 35.767086208627
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –