Then a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support at is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.937300000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.937300000 |
| Current Price | 0.796400000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.937300000 – 0.895500000 – 0.768300000 – 0.774700000 – 0.710500000 – 0.562900000 — 42.497299526915 – 39.918172922941
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –