ADA/USDT – 30M – SELLAdditionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 0.404 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.421800000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.3973554 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.421800000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.471 |
| 2nd High | 0.4453 |
| Next High | 0.421800000 |
| Current Price | 0.405600000 |
| Next Low | 0.404 |
| 2nd Low | 0.3907 |
| 3rd Low | 0.3876 |
0.421800000 – 0.4185 – 0.4157 – 0.404 – 0.406 – 0.3907 — 39.596403818971 – 39.238251810764 — 13.318270639961 – 8.3984693046735 – 23.947435459527 – 16.512486194699
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –