The combination Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support at 0.1641 is considered certain.
Caution: A possible change in the direction of resistance at 0.1736 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Tweezers Top’ candlestick chart pattern is discovered. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2184 |
| 2nd High | 0.1745 |
| Next High | 0.1736 |
| Current Price | 0.171000000 |
| Next Low | 0.1641 |
| 2nd Low | 0.1582 |
| 3rd Low | 0.158 |
0.1736 – 0.1719 – 0.1681 – 0.1641 – 0.1582 – 0.1586 —
0.172400000 – 0.171600000 —
57.607616608348 – 57.150565138373 —
– —
0.1736 – 1781238600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Tweezers Top – – –