ADA/USDT – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.

A continuation of the downtrend down to the next support at 0.814100000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.839400000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Matching Low’ candlestick pattern is existing. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.839400000 – 0.838700000 – 0.827800000 – 0.814100000 – 0.817400000 – 0.817200000 — 43.300000671689 – 42.65015324925

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –