ADA/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish descent downwards to the next support level at 0.2822 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.296300000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.296300000 – 0.3136 – 0.2716 – 0.2822 – 0.2887 – 0.2576 —
0.296300000 – 0.293800000 —
68.971228306918 – 57.161810104272 —
0.296300000 – 1772170200 —
– 1772170200

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –