ADA/USDT – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.00575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.121000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Inside Down’ candlestick chart pattern is existing. The chart forms ‘Three Inside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

Download ADA/USDT Signal Image

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