The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
The bearish trend downwards to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.748000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. 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 | 0.789300000 |
| 2nd High | 0.758600000 |
| Next High | 0.748000000 |
| Current Price | 0.734300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.748000000 – 0.730400000 – 0.728500000 – 0.719700000 – 0.710700000 – 0.708500000 — 44.648739012079 – 43.317418700475
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –