The combination Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support line at 0.875000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.889800000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.904800000 |
| 2nd High | 0.902600000 |
| Next High | 0.889800000 |
| Current Price | 0.852500000 |
| Next Low | 0.875000000 |
| 2nd Low | 0.860800000 |
| 3rd Low | 0.856600000 |
0.889800000 – 0.902600000 – 0.904800000 – 0.875000000 – 0.877100000 – 0.889800000 — 26.661952934802 – 23.786194670941
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –