There is also a ‘Triple bottom chart pattern’ chart pattern is detected. The formation shows ‘Triple bottom chart pattern’. which is a bullish pattern signal. The pair is likely to go up.
The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish trend down to the next support at 0.861600000 is certain.
Caution: A possible change in the direction of the resistance zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 0.985400000 |
| Next Low | 0.861600000 |
| 2nd Low | 0.833400000 |
| 3rd Low | 0.765800000 |
0.889400000 – 0.857900000 – 0.788900000 – 0.861600000 – 0.833400000 – 0.765800000 — 65.470445066495 – 62.196350869478
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –