ADA/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.784400000 is certain.

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

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend 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.

There is also a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.834400000 – 0.806900000 – 0.748000000 – 0.784400000 – 0.775900000 – 0.734000000 — 38.665516894186 – 37.768541228898

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –