The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.781800000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.845200000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
And also a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.866400000 |
| 2nd High | 0.848600000 |
| Next High | 0.845200000 |
| Current Price | 0.801900000 |
| Next Low | 0.781800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.741700000 |
0.845200000 – 0.828900000 – 0.838000000 – 0.781800000 – 0.794400000 – 0.816800000 — 46.396803542696 – 33.848896556174
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –