ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 0.2685 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.3647 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. 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 | 0.3739 |
| 2nd High | 0.3707 |
| Next High | 0.3647 |
| Current Price | 0.297200000 |
| Next Low | 0.2685 |
| 2nd Low | |
| 3rd Low |
0.3647 – 0.3707 – 0.3739 – 0.2685 – 0.3465 – 0.3466 —
0.301600000 – 0.301800000 —
42.037048690814 – 47.739057345647 —
– —
0.3647 – 1769587200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –