ADA/USDT – 4H – SELL

Besides a ‘Double top chart pattern’ chart layout is discovered. The chart shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.

A continuation of the downtrend down to the next support at 0.826700000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.879900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.879900000 – 0.964300000 – 0.942600000 – 0.826700000 – 0.821800000 – 0.837100000 — 41.128087388332 – 37.466870852571

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Double top chart pattern – –