ADA/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards

A descent down to the next support at is expected.

Caution: A possible change in the direction of resistance at 0.987800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.9114232 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 0.987800000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.987800000 – 0.977700000 – 0.964300000 – 0.904500000 – 0.901100000 – 0.910700000 — 43.855095256734 – 37.208817736638

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –