ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.4531 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.4823 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
Next a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5093 |
| 2nd High | 0.4997 |
| Next High | 0.4823 |
| Current Price | 0.456500000 |
| Next Low | 0.4531 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.4823 – 0.4718 – 0.4997 – 0.4531 – 0.4562 – 0.4735 — 46.088563294577 – 37.755350461197 — 75.570679223845 – 50.273938488358 – 70.987229414161 – 65.313263906251
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –