ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at 0.711400000 will continue.

Caution: A possible change in the direction of the resistance level at 0.750900000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.750900000 – 0.739400000 – 0.768300000 – 0.711400000 – 0.710500000 – 0.726700000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Northern Doji –