ADA/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 0.2205 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.2843 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.2843 – 0.3027 – 0.305 – 0.2205 – 0.2803 – 0.2817 —
0.278600000 – 0.280000000 —
65.925169176161 – 66.203211616409 —
– —
0.2843 – 1770399000

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