The combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 0.3476 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.3636 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3739 |
| 2nd High | 0.3707 |
| Next High | 0.3636 |
| Current Price | 0.357600000 |
| Next Low | 0.3476 |
| 2nd Low | 0.3465 |
| 3rd Low | 0.3421 |
0.3636 – 0.3553 – 0.3625 – 0.3476 – 0.349 – 0.3465 —
0.358300000 – 0.359200000 —
50.076941603716 – 55.95177337191 —
– —
0.36360 – 1769547600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –