Then a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 0.245300000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.2564 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.268 |
| 2nd High | 0.2576 |
| Next High | 0.2564 |
| Current Price | 0.246800000 |
| Next Low | 0.245300000 |
| 2nd Low | 0.2441 |
| 3rd Low | 0.2408 |
0.2564 – 0.2576 – 0.2525 – 0.245300000 – 0.2441 – 0.2465 —
0.246500000 – 0.247900000 —
28.306113999659 – 37.840910660798 —
0.245300000 – 1776915000 —
0.2564 – 1776855600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –