ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
A descending movement downwards to the next support at 0.785400000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.864300000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.864300000 |
| Current Price | 0.853300000 |
| Next Low | 0.785400000 |
| 2nd Low | 0.742000000 |
| 3rd Low | 0.711400000 |
0.825400000 – 0.784900000 – 0.750900000 – 0.785400000 – 0.742000000 – 0.711400000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows –