ADA/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 0.245 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.2483 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.2416598 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.2483 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.2483 – 0.2484 – 0.2478 – 0.245 – 0.2383 – 0.2461 —
0.246600000 – 0.247100000 —
49.389692356164 – 55.219983501313 —
– —
0.2483 – 1777563000

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