And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.726700000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.768300000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading 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