ADA/USDT – 1H – BUYThe currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.904300000 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.966400000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ candlestick pattern is detected. The candles form ‘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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.116200000 |
| 2nd High | 0.974000000 |
| Next High | 0.966400000 |
| Current Price | 0.913100000 |
| Next Low | 0.904300000 |
| 2nd Low | 0.879800000 |
| 3rd Low | 0.838000000 |