ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 0.511000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.723000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern 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 | 0.841400000 |
| 2nd High | 0.777100000 |
| Next High | 0.723000000 |
| Current Price | 0.602800000 |
| Next Low | 0.511000000 |
| 2nd Low | |
| 3rd Low |
0.723000000 – 0.707200000 – 0.777100000 – 0.618600000 – 0.654100000 – 0.727700000