Sell ADA/USDT – 4H – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

The bearish trend down to the next support level at 0.852400000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.938600000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Support & Resistance Price Range*
3rd High 0.964300000
2nd High 0.954000000
Next High 0.938600000
Current Price 0.852500000
Next Low 0.852400000
2nd Low 0.802600000
3rd Low 0.781800000

0.938600000 – 0.954000000 – 0.850000000 – 0.852400000 – 0.802600000 – 0.781800000 — 44.59204767118 – 32.895425653602

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