ADA/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at 0.1677 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.1744 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.1663 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.1744 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Southern Doji’ chart pattern is existing. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.1744 – 0.1736 – 0.1668 – 0.1677 – 0.1641 – 0.1582 —
0.172700000 – 0.173100000 —
51.865663737029 – 55.147157641242 —
– —
0.1744 – 1781283600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –