ADA/USDT – 1H – SELLThe combination Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.3907 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.4185 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.
Furthermore a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4735 |
| 2nd High | 0.471 |
| Next High | 0.4185 |
| Current Price | 0.413000000 |
| Next Low | 0.3907 |
| 2nd Low | 0.3876 |
| 3rd Low | 0.2737 |
0.4185 – 0.471 – 0.4735 – 0.3907 – 0.3876 – 0.4381 — 51.321385635272 – 51.069810494385 — 66.885453550969 – 47.951751734462 – 64.729382844257 – 58.103152704184
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –