ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.

The bearish trend down to the next support level at 1.068000000 will persist.

Caution: A possible change in the direction of the resistance level at 1.107800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.0655606 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 1.107800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download ADA/USDT Signal Image

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down