ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.544300000 is expected.
Caution: A possible change in the direction of the resistance zone at 0.611700000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.645000000 |
| 2nd High | 0.642600000 |
| Next High | 0.611700000 |
| Current Price | 0.548300000 |
| Next Low | 0.544300000 |
| 2nd Low | 0.536600000 |
| 3rd Low | 0.511000000 |
0.611700000 – 0.642600000 – 0.645000000 – 0.544300000 – 0.588000000 – 0.599800000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Matching Low