ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.3788 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.4042 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4273 |
| 2nd High | 0.4107 |
| Next High | 0.4042 |
| Current Price | 0.390400000 |
| Next Low | 0.3788 |
| 2nd Low | 0.3294 |
| 3rd Low | 0.2737 |
0.4042 – 0.3987 – 0.4107 – 0.3788 – 0.3885 – 0.3992 — 39.163369039624 – 31.831970068865 — 6.6708452722063 – 6.6708452722063 – 4.7868974621233 – 4.9066505361792
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –