Cardano / TetherUSShort
ADA/USDT: Pattern Convergence Sparks Bearish Warning!
💎 Hey ParadiseSquad, let's zoom into ADA/USDT on the weekly chart. We're seeing a unique blend of an inverse cup and handle pattern coupled with an M pattern. This combination is hinting at a bearish outlook.
💎 For this bearish scenario to unfold, we need a confirmed breakdown below the critical demand level of 0.2337. If that happens, we could aim for the next demand zones at 0.1783, 0.1451, and 0.1115. Remember, we're looking for a solid close and retest of this level before considering any bearish moves.
💎 On the flip side, if the price ascends past 0.3770, this pattern would be nullified, signaling a potential bullish reversal.
💎 Keep your eyes peeled and trade smart, ParadiseSquad!
💎 For this bearish scenario to unfold, we need a confirmed breakdown below the critical demand level of 0.2337. If that happens, we could aim for the next demand zones at 0.1783, 0.1451, and 0.1115. Remember, we're looking for a solid close and retest of this level before considering any bearish moves.
💎 On the flip side, if the price ascends past 0.3770, this pattern would be nullified, signaling a potential bullish reversal.
💎 Keep your eyes peeled and trade smart, ParadiseSquad!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.