ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
A descent downwards to the next support level at 0.688400000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.777400000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.864300000 |
| 2nd High | 0.841400000 |
| Next High | 0.777400000 |
| Current Price | 0.730500000 |
| Next Low | 0.688400000 |
| 2nd Low | 0.572200000 |
| 3rd Low | 0.562900000 |
0.777400000 – 0.594700000 – 0.611900000 – 0.688400000 – 0.693300000 – 0.572200000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Outside Down –