ADA/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

The pair Cardano/Tether (ADA/USDT) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 0.824100000 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.855900000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.8230452 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.855900000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish signal. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.855900000 – 0.833700000 – 0.839400000 – 0.824100000 – 0.814600000 – 0.814100000 — 42.827028664941 – 39.703687429649

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –