In addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
The bearish trend down to the next support level at 0.888100000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.964300000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979500000 |
| 2nd High | 0.968400000 |
| Next High | 0.964300000 |
| Current Price | 0.908200000 |
| Next Low | 0.888100000 |
| 2nd Low | 0.821800000 |
| 3rd Low | 0.765800000 |
0.964300000 – 0.921900000 – 0.939000000 – 0.888100000 – 0.906500000 – 0.891200000 — 49.892676530442 – 47.122159934595
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –