ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.2757 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.3034 could happen.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

And also a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.3034 – 0.2936 – 0.2992 – 0.2757 – 0.2685 – 0.3161 —
0.300400000 – 0.300700000 —
58.687448107333 – 51.745444460437 —
– —
0.30340 – 1770055200

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –