ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.818300000 is likely expected.
Caution: A possible change in the direction of resistance at 0.838900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.866400000 |
| 2nd High | 0.850000000 |
| Next High | 0.838900000 |
| Current Price | 0.831500000 |
| Next Low | 0.818300000 |
| 2nd Low | 0.802600000 |
| 3rd Low | 0.800300000 |
0.838900000 – 0.850000000 – 0.818800000 – 0.818300000 – 0.802600000 – 0.813900000 — 53.408828886167 – 51.301010343143
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –