Then a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 0.865800000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.909700000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.
Then a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.964300000 |
| 2nd High | 0.928400000 |
| Next High | 0.909700000 |
| Current Price | 0.895600000 |
| Next Low | 0.865800000 |
| 2nd Low | 0.852500000 |
| 3rd Low | 0.823000000 |
0.909700000 – 0.898100000 – 0.894800000 – 0.865800000 – 0.872400000 – 0.852500000 — 50.32524921496 – 48.39997052172
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –