ADA/USDT – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A continuation of the bearish trend downwards to the next support at 0.814100000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.839400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.839400000 – 0.838700000 – 0.827800000 – 0.814100000 – 0.817400000 – 0.817200000 — 43.300000671689 – 42.65015324925

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –