The combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.2737 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.3319 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Southern Doji’ candlestick pattern is existing. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.362 |
| Next High | 0.3319 |
| Current Price | 0.310300000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.3319 – 0.3292 – 0.362 – 0.3161 – 0.318 – 0.3272 —
0.319200000 – 0.312700000 —
36.859738654246 – 33.668794099389 —
– —
0.33190 – 1769799600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –