And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 0.878100000 will persist.
Caution: A possible change in the direction of resistance at 0.964300000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. 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 – –