Also there is a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support level at 0.2757 is considered certain.
Caution: A possible change in the direction of the resistance line at 0.3027 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.305 |
| Next High | 0.3027 |
| Current Price | 0.279700000 |
| Next Low | 0.2757 |
| 2nd Low | 0.2685 |
| 3rd Low |
0.3027 – 0.305 – 0.3019 – 0.2803 – 0.2817 – 0.2938 —
0.287000000 – 0.286700000 —
46.234667956679 – 44.520161339324 —
– —
0.3027 – 1770177600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –