ADA/USDT – 1H – SELLMoreover a ‘Double top chart pattern’ chart layout is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 0.878100000 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.977700000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.977700000 |
| Current Price | 0.905500000 |
| Next Low | 0.878100000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.734000000 |
0.977700000 – 0.964300000 – 1.019300000 – 0.910700000 – 0.878100000 – 0.765800000 — 40.949148555662 – 39.115585265852
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double top chart pattern – –