ADA/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A descending movement downwards to the next support line at 0.774700000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.855900000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.855900000 – 0.839400000 – 0.838700000 – 0.814100000 – 0.774700000 – 0.837000000 — 30.376695606249 – 26.590643652897

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