ADA/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 0.586600000 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.611900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.628000000 |
| 2nd High | 0.621700000 |
| Next High | 0.611900000 |
| Current Price | 0.588700000 |
| Next Low | 0.586600000 |
| 2nd Low | 0.560800000 |
| 3rd Low | 0.556100000 |
0.611900000 – 0.590500000 – 0.585700000 – 0.586600000 – 0.560800000 – 0.556100000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern