ADA/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support at 0.402 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.4342 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4342 |
| Current Price | 0.414900000 |
| Next Low | 0.402 |
| 2nd Low | 0.3907 |
| 3rd Low | 0.3876 |
0.4342 – 0.4218 – 0.4185 – 0.402 – 0.404 – 0.3907 — 46.406533798144 – 43.254924046344 — 8.7508986015722 – 9.3303310315385 – 4.053052150417 – 7.1631624942632
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –