ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support at 0.821800000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.942600000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.019300000 |
| 2nd High | 0.987800000 |
| Next High | 0.942600000 |
| Current Price | 0.882300000 |
| Next Low | 0.821800000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.708500000 |
0.942600000 – 0.987800000 – 1.019300000 – 0.821800000 – 0.837100000 – 0.765800000 — 55.970425114939 – 45.380657798957
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –