ADA/USDT – 4H – SELLThe combination Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 0.3788 will continue.
Caution: A possible change in the direction of resistance at 0.404200000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘%K fall below 80’ indicator signal is existing. The indicator shows ‘%K fall below 80’. which is often a bearish signal. The currency pair could go down.
Besides a ‘Matching Low’ candle pattern is existing. The chart shows ‘Matching Low’. 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 likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4374 |
| 2nd High | 0.4273 |
| Next High | 0.404200000 |
| Current Price | 0.364100000 |
| Next Low | 0.3788 |
| 2nd Low | 0.3294 |
| 3rd Low | 0.2737 |
0.404200000 – 0.4273 – 0.4052 – 0.3788 – 0.3815 – 0.3846 — 26.924869143077 – 26.257993718257 — 17.903520208605 – 0 – 35.430972041142 – 17.685643922932
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –