ADA/USDT – 1H – SELL

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

A bearish trend downwards to the next support line at 0.3294 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.4309 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘RSI fall below 70’ indicator signal is found. The indicator is ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.409179 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.4309 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.4309 – 0.3538 – 0.3847 – 0.3294 – 0.3488 – 0.3481 — 71.20989711011 – 58.517249749871 — 39.551996384334 – 27.66831913902 – 33.532901886572 – 33.282563629993

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