ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 0.2737 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.471 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Collapsing Doji Star’ candle chart pattern is discovered. The chart forms ‘Collapsing Doji Star’. 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 probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471 |
| Current Price | 0.409900000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.471 – 0.4735 – 0.4823 – 0.4381 – 0.4531 – 0.4562 — 43.023027366576 – 40.684231955819 — 100 – 95.995216128481 – 91.178299456517 – 94.254221771086
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Collapsing Doji Star – – –