ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish trend downwards to the next support at 0.908000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.938600000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.954000000 |
| Next High | 0.938600000 |
| Current Price | 0.927700000 |
| Next Low | 0.908000000 |
| 2nd Low | 0.899600000 |
| 3rd Low | 0.860800000 |
0.938600000 – 0.925600000 – 0.887200000 – 0.908000000 – 0.899600000 – 0.860800000 — 59.713631316066 – 52.757178192424
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –