The pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at is expected.
Caution: A possible change in the direction of resistance at 0.365200000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.3739 |
| Next High | 0.365200000 |
| Current Price | 0.359000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.365200000 – 0.3739 – 0.363 – 0.3577 – 0.3554 – 0.3627 —
0.365200000 – 0.361600000 —
61.363920443807 – 49.597191591472 —
0.365200000 – 1769142600 —
– 1769142600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –