The pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.2737 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.3319 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Besides a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.362 |
| Next High | 0.3319 |
| Current Price | 0.311400000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.3319 – 0.3292 – 0.362 – 0.3161 – 0.318 – 0.3272 —
0.321200000 – 0.316500000 —
39.017589077574 – 37.107019539613 —
– —
0.33190 – 1769799600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –