Moreover a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
The combination Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.730100000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.789300000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.809900000 |
| 2nd High | 0.789800000 |
| Next High | 0.789300000 |
| Current Price | 0.727600000 |
| Next Low | 0.730100000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.789300000 – 0.789800000 – 0.809900000 – 0.730100000 – 0.769400000 – 0.779900000 — 26.687654081518 – 24.50544234704
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Double top chart pattern –