There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at is expected.
Caution: A possible change in the direction of resistance at 0.878400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 0.85325 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.878400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.928400000 |
| 2nd High | 0.879800000 |
| Next High | 0.878400000 |
| Current Price | 0.856000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.878400000 – 0.876400000 – 0.874800000 – 0.853000000 – 0.856900000 – 0.831900000 — 46.849768840268 – 39.36759845134
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –