ADA/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 0.267 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.2874 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.27845 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.2874 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘3 Stars In The South’ candle pattern is existing. The chart shows ‘3 Stars In The South’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘3 Stars In The South’ heading up is 86% (Bull Market) & 100% (Bear Market).

0.2774 – 0.2874 – 0.2899 – 0.267 – 0.2714 – 0.2773 —
0.280000000 – 0.288400000 —
64.167332103684 – 64.152663164385 —
– —
0.2774 – 1771484400

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – 3 Stars In The South – – –