Additionally a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.879000000 will persist.
Caution: A possible change in the direction of the resistance line at 0.897800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.879 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.897800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.897800000 |
| Current Price | 0.865100000 |
| Next Low | 0.879000000 |
| 2nd Low | 0.865800000 |
| 3rd Low | 0.852500000 |
0.897800000 – 0.954000000 – 0.937200000 – 0.879000000 – 0.879200000 – 0.910100000 — 33.292117913962 – 25.860600310223
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –