ADA/USDT – 4H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 0.852400000 is certain.

Caution: A possible change in the direction of the resistance level at 0.954000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

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 0.8679 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.954000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ candle pattern is discovered. The candles form ‘Southern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.954000000 – 0.850000000 – 0.845200000 – 0.852400000 – 0.802600000 – 0.781800000 — 52.5671296666 – 52.082206768078

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –