ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A descent down to the next support at 0.1654 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.187 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Shooting Star’ candle pattern is discovered. The candles form ‘Shooting Star’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2376 |
| 2nd High | 0.2184 |
| Next High | 0.187 |
| Current Price | 0.187600000 |
| Next Low | 0.1654 |
| 2nd Low | 0.1641 |
| 3rd Low | 0.1582 |
0.187 – 0.1758 – 0.1744 – 0.1654 – 0.1712 – 0.1677 —
0.181800000 – 0.189400000 —
65.999612213135 – 73.268440537624 —
– —
0.187 – 1781481600
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Shooting Star – – –