The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 0.1654 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.2184 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2376 |
| 2nd High | 0.2319 |
| Next High | 0.2184 |
| Current Price | 0.180500000 |
| Next Low | 0.1654 |
| 2nd Low | 0.1641 |
| 3rd Low | 0.1582 |
0.1737 – 0.1758 – 0.1742 – 0.1654 – 0.1712 – 0.169 —
0.171700000 – 0.183900000 —
67.050359913737 – 82.470079447207 —
– —
0.1737 – 1781402400
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –