ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 0.3465 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.3707 could happen.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair is likely to fall.
And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
And also a ‘On Neck’ candle pattern is discovered. The chart shows ‘On Neck’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4042 |
| 2nd High | 0.3739 |
| Next High | 0.3707 |
| Current Price | 0.330900000 |
| Next Low | 0.3465 |
| 2nd Low | 0.3421 |
| 3rd Low | 0.3294 |
0.3707 – 0.3739 – 0.4042 – 0.3465 – 0.3466 – 0.3421 —
0.359200000 – 0.351800000 —
49.713944028642 – 37.377021281644 —
– —
0.37070 – 1769184000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – On Neck – – –