ADA/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish movement downwards to the next support line at 0.2465 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.252500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.24665 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 0.252500000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.252500000 – 0.2514 – 0.2492 – 0.2465 – 0.2448 – 0.2408 —
0.252500000 – 0.250600000 —
60.941979091755 – 57.964272205108 —
0.252500000 – 1776760200 —
– 1776760200

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