ADA/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.730100000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.789300000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

In addition a ‘Three Outside Down’ candle pattern is found. The chart shows ‘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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.789300000 – 0.779200000 – 0.789800000 – 0.730100000 – 0.752100000 – 0.769400000 — 38.465277307478 – 36.582258844544

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