Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 0.866800000 is certain.
Caution: A possible trend reversal in the direction of resistance at 0.887200000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Southern Doji’ candle pattern is existing. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.954000000 |
| 2nd High | 0.902500000 |
| Next High | 0.887200000 |
| Current Price | 0.871500000 |
| Next Low | 0.866800000 |
| 2nd Low | 0.856600000 |
| 3rd Low | 0.853000000 |
0.887200000 – 0.884100000 – 0.866100000 – 0.866800000 – 0.856600000 – 0.853000000 — 44.628120445081 – 44.161598254278
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – Symmetrical Triangle Chart Pattern – –