ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.821800000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.942600000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.942600000 |
| Current Price | 0.892300000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.708500000 |
0.942600000 – 0.987800000 – 1.019300000 – 0.821800000 – 0.837100000 – 0.765800000 — 51.926351416396 – 48.468370651991
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –