ADA/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 0.823000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.850000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.850000000 – 0.843700000 – 0.840300000 – 0.823000000 – 0.814300000 – 0.802600000 — 64.717489665215 – 58.740033552773

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Double bottom retreat down – –