ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A descent down to the next support at 0.426500000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.471 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471 |
| Current Price | 0.449900000 |
| Next Low | 0.426500000 |
| 2nd Low | 0.3707 |
| 3rd Low |
0.4472 – 0.4274 – 0.4216 – 0.426500000 – 0.3707 – 0.4114 — 68.120408238189 – 67.764028348715 — 71.251478731464 – 73.915678188993 – 61.185487141906 – 69.552955646317
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –