The currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish movement down to the next support line at 0.775900000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.855900000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.937300000 |
| Next High | 0.855900000 |
| Current Price | 0.810400000 |
| Next Low | 0.775900000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.806900000 – 0.748000000 – 0.758600000 – 0.775900000 – 0.734000000 – 0.710700000 — 51.365809538322 – 50.3597945916
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –