The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support line at 0.711400000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.750900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
There is also a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. 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 | 0.777400000 |
| 2nd High | 0.768300000 |
| Next High | 0.750900000 |
| Current Price | 0.750800000 |
| Next Low | 0.711400000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.688400000 |
0.750900000 – 0.739400000 – 0.768300000 – 0.711400000 – 0.710500000 – 0.726700000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows –