ADA/USDT – 4H – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.611900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.777100000 |
| 2nd High | 0.723000000 |
| Next High | 0.611900000 |
| Current Price | 0.574200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.611900000 – 0.588400000 – 0.723000000 – 0.562900000 – 0.555000000 – 0.545000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern