ADA/USDT – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

The pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support at 0.795900000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.837200000 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency 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%.

0.837200000 – 0.862700000 – 0.895500000 – 0.795900000 – 0.785400000 – 0.742000000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern