ADA/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The combination Cardano/Tether (ADA/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 0.784400000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.834400000 is also possible.
Consider stop-loss settings accordingly.

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

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

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.77255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.834400000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 – –