ADA/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.

A descending movement downwards to the next support at 0.2817 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.305 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.277114 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.305 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.305 – 0.3034 – 0.2936 – 0.2817 – 0.2934 – 0.2757 —
0.291600000 – 0.289900000 —
40.068049679977 – 41.780676362 —
– —
0.305 – 1770132000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –