ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.

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

Caution: A possible trend reversal in the direction of the resistance level at 0.806900000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Two Crows’ candle pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.806900000 – 0.748000000 – 0.758600000 – 0.775900000 – 0.734000000 – 0.710700000 — 44.770910374672 – 41.215232219571

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –