ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 0.710500000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.768300000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Additionally a ‘Collapsing Doji Star’ candle pattern is existing. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.841400000 |
| 2nd High | 0.777400000 |
| Next High | 0.768300000 |
| Current Price | 0.751700000 |
| Next Low | 0.710500000 |
| 2nd Low | 0.562900000 |
| 3rd Low | 0.555000000 |
0.768300000 – 0.777400000 – 0.611900000 – 0.710500000 – 0.562900000 – 0.555000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Collapsing Doji Star –