The pair Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.4381 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.471000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.4475588 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.471000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471000000 |
| Current Price | 0.439200000 |
| Next Low | 0.4381 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.471000000 – 0.4735 – 0.4823 – 0.4381 – 0.4531 – 0.4562 — 39.862265639552 – 28.745326604798 — 11.126919200901 – 0 – 34.566182012219 – 16.300116584662
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –