Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A bearish descent downwards to the next support line at 0.802600000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.828100000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.850000000 |
| 2nd High | 0.838900000 |
| Next High | 0.828100000 |
| Current Price | 0.815800000 |
| Next Low | 0.802600000 |
| 2nd Low | 0.800300000 |
| 3rd Low | 0.781800000 |
0.828100000 – 0.838900000 – 0.850000000 – 0.818800000 – 0.818300000 – 0.802600000 — 34.687976623694 – 32.844003686284
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –