ADA/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.726700000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.768300000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative signal. The 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 | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.768300000 |
| Current Price | 0.739000000 |
| Next Low | 0.726700000 |
| 2nd Low | 0.688400000 |
| 3rd Low | 0.572200000 |
0.768300000 – 0.756200000 – 0.748600000 – 0.726700000 – 0.688400000 – 0.693300000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows – Rising Wedge Chart Pattern