ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.019300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.019300000 |
| Current Price | 0.898500000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.019300000 – 0.889400000 – 0.857900000 – 0.885300000 – 0.861600000 – 0.833400000 — 36.730523432811 – 36.43538562745
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –