There is also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support line at 0.796400000 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.820500000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.900800000 |
| 2nd High | 0.855900000 |
| Next High | 0.820500000 |
| Current Price | 0.802100000 |
| Next Low | 0.796400000 |
| 2nd Low | 0.789800000 |
| 3rd Low | 0.775900000 |
0.820500000 – 0.806900000 – 0.801200000 – 0.796400000 – 0.789800000 – 0.775900000 — 44.217035420415 – 41.769651143682
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – – Rising Wedge Chart Pattern – –