ADA/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.834400000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘StochRSI cross above 20’ indicator layout is found. The indicator shows ‘StochRSI cross above 20’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.77255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.834400000 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

0.834400000 – 0.806900000 – 0.748000000 – 0.784400000 – 0.775900000 – 0.734000000 — 46.973971800259 – 46.836472352065

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