ADA/USDT – 1H – SELLIn addition a ‘Double bottom retreat down’ chart formation is found. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 0.775900000 is certain.
Caution: A possible change in the direction of resistance at 0.855900000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.937300000 |
| Next High | 0.855900000 |
| Current Price | 0.805000000 |
| Next Low | 0.775900000 |
| 2nd Low | 0.734000000 |
| 3rd Low | 0.710700000 |
0.806900000 – 0.748000000 – 0.758600000 – 0.775900000 – 0.734000000 – 0.710700000 — 52.173099560402 – 49.843599898447
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Double bottom retreat down – –