ADA/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.2566 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.2679 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.2679 – 0.2739 – 0.2636 – 0.2566 – 0.261 – 0.2547 —
0.264000000 – 0.266700000 —
53.289185824456 – 64.439233308563 —
– —
0.2679 – 1773235800

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –