ADA/USDT – 4H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.611900000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading 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