ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.3876 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.6069 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.8924 |
| 2nd High | 0.6938 |
| Next High | 0.6069 |
| Current Price | 0.418400000 |
| Next Low | 0.3876 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.6069 – 0.5863 – 0.6938 – 0.3876 – 0.4901 – 0.4898 — 51.285510872969 – 47.23487644479 — 96.400946400946 – 84.415338125705 – 94.784871919573 – 93.053266806239
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –