ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support line at 0.2621 will continue.
Caution: A possible change in the direction of the resistance level at 0.2673 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Dark Cloud Cover’ candlestick pattern is detected. The candles form ‘Dark Cloud Cover’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Dark Cloud Cover’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.285 |
| 2nd High | 0.2816 |
| Next High | 0.2673 |
| Current Price | 0.287000000 |
| Next Low | 0.2621 |
| 2nd Low | 0.2585 |
| 3rd Low | 0.258 |
0.2673 – 0.2816 – 0.2642 – 0.2621 – 0.2585 – 0.258 —
0.272100000 – 0.289600000 —
67.714231495686 – 74.421135957794 —
– —
0.2673 – 1773550800
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Dark Cloud Cover – – –