ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.4185 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Southern Doji’ chart pattern is existing. The candles show ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4185 |
| Current Price | 0.408000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.4185 – 0.471 – 0.4735 – 0.3907 – 0.3876 – 0.4381 — 47.381129099491 – 46.744455247871 — 46.229005868239 – 20.992686381638 – 56.003623083668 – 43.679357095366
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –