Also there is a ‘Symmetrical Triangle Chart Pattern’ chart layout is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support at will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.904800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern 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 | 0.937800000 |
| 2nd High | 0.906500000 |
| Next High | 0.904800000 |
| Current Price | 0.893100000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.904800000 – 0.906500000 – 0.937800000 – 0.887100000 – 0.885500000 – 0.908000000 — 51.085065064315 – 47.001078600946
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –