ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 0.2205 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 0.2843 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3319 |
| 2nd High | 0.305 |
| Next High | 0.2843 |
| Current Price | 0.270200000 |
| Next Low | 0.2205 |
| 2nd Low | |
| 3rd Low |
0.2843 – 0.305 – 0.3034 – 0.2205 – 0.2817 – 0.2934 —
0.276000000 – 0.270900000 —
51.696146449494 – 47.676430830881 —
– —
0.2843 – 1770397200
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –