ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.4562 is likely expected.
Caution: A possible change in the direction of resistance at 0.4823 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.
Besides a ‘Three Inside Down’ candlestick pattern is found. The chart shows ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5093 |
| 2nd High | 0.4997 |
| Next High | 0.4823 |
| Current Price | 0.465700000 |
| Next Low | 0.4562 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4823 – 0.4718 – 0.4997 – 0.4562 – 0.4735 – 0.4925 — 46.397230210338 – 45.692329415503 — 55.070884467665 – 55.390560711393 – 52.194434870881 – 55.409406364092
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – – –