ADA/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support level at 0.710500000 will persist.

Caution: A possible change in the direction of the resistance line at 0.855900000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.855900000 – 0.937300000 – 0.895500000 – 0.774700000 – 0.710500000 – 0.562900000 — 43.854828017344 – 36.207059388341

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – – –