ADA/USDT – 30M – SELLThe combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.2708 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.2843 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ candle pattern is found. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.305 |
| 2nd High | 0.3027 |
| Next High | 0.2843 |
| Current Price | 0.273800000 |
| Next Low | 0.2708 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.2843 – 0.3027 – 0.305 – 0.2708 – 0.2205 – 0.2803 —
0.275200000 – 0.275300000 —
51.492094730824 – 52.411580768257 —
– —
0.2843 – 1770399000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Tweezers Top – – –