In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.
A descent downwards to the next support level at 0.904500000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.968400000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.979500000 |
| Next High | 0.968400000 |
| Current Price | 0.920100000 |
| Next Low | 0.904500000 |
| 2nd Low | 0.901100000 |
| 3rd Low | 0.878100000 |
0.968400000 – 0.979500000 – 0.987800000 – 0.943400000 – 0.904500000 – 0.901100000 — 33.520824527252 – 33.003933057974
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –