Additionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A descending movement down to the next support line at 0.865800000 is certain.
Caution: A possible change in the direction of the resistance level at 0.909700000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.928400000 |
| Next High | 0.909700000 |
| Current Price | 0.895600000 |
| Next Low | 0.865800000 |
| 2nd Low | 0.852500000 |
| 3rd Low | 0.823000000 |
0.909700000 – 0.898100000 – 0.894800000 – 0.865800000 – 0.872400000 – 0.852500000 — 50.32524921496 – 48.39997052172
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –