The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.2817 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.305 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.3319 |
| Next High | 0.305 |
| Current Price | 0.285400000 |
| Next Low | 0.2817 |
| 2nd Low | 0.2757 |
| 3rd Low | 0.2685 |
0.305 – 0.3034 – 0.2936 – 0.2817 – 0.2934 – 0.2757 —
0.297700000 – 0.293400000 —
48.361037340712 – 47.986818472417 —
– —
0.305 – 1770132000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –