ADA/USDT – 30M – SELLIn addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.878100000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.964300000 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.964300000 |
| Current Price | 0.938900000 |
| Next Low | 0.878100000 |
| 2nd Low | 0.861600000 |
| 3rd Low | 0.833400000 |
0.964300000 – 0.945100000 – 1.019300000 – 0.878100000 – 0.885300000 – 0.861600000 — 52.890542572545 – 49.288353472033
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Symmetrical Triangle Chart Pattern – –