ADA/USDT – 30M – SELLBesides a ‘Symmetrical Triangle Chart Pattern’ chart formation is existing. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Cardano/Tether (ADA/USDT) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at is considered certain.
Caution: A possible change in the direction of the resistance level at 0.4218 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.471 |
| 2nd High | 0.4453 |
| Next High | 0.4218 |
| Current Price | 0.405300000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.4218 – 0.4185 – 0.4157 – 0.404 – 0.406 – 0.3907 — 45.599566779362 – 41.838493360496 — 53.591998673214 – 56.830093087532 – 38.886287435359 – 50.680473128339
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –