ADA/USDT – 4H – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 0.555000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.611900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777100000 |
| 2nd High | 0.723000000 |
| Next High | 0.611900000 |
| Current Price | 0.577200000 |
| Next Low | 0.555000000 |
| 2nd Low | 0.545000000 |
| 3rd Low | 0.510000000 |
0.611900000 – 0.588400000 – 0.723000000 – 0.555000000 – 0.545000000 – 0.510000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows –