ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 0.2504 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.285 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.3647 |
| 2nd High | 0.3136 |
| Next High | 0.285 |
| Current Price | 0.249600000 |
| Next Low | 0.2504 |
| 2nd Low | 0.2205 |
| 3rd Low |
0.285 – 0.3136 – 0.2938 – 0.2584 – 0.2594 – 0.2536 —
0.271600000 – 0.253500000 —
43.773949952682 – 31.544713399666 —
– —
0.285 – 1772640000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Belt Hold – – –