ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support at 0.924500000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.982800000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 0.982800000 |
| Current Price | 0.959500000 |
| Next Low | 0.924500000 |
| 2nd Low | 0.838000000 |
| 3rd Low | 0.829600000 |