ADA/USDT – 30M – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at will continue.
Caution: A possible change in the direction of resistance at 0.855900000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Next a ‘Southern Doji’ candle pattern is found. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.937300000 |
| 2nd High | 0.900800000 |
| Next High | 0.855900000 |
| Current Price | 0.803200000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.855900000 – 0.833700000 – 0.839400000 – 0.779900000 – 0.824100000 – 0.814600000 — 55.180554271767 – 55.180554271767
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – –