ADA/USDT – 1H – SELL

Moreover a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A descent down to the next support line at 0.779900000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.809900000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Inside Down’ chart pattern is detected. The candles show ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.809900000 – 0.855900000 – 0.839400000 – 0.779900000 – 0.814100000 – 0.774700000 — 37.94210716547 – 34.953525469318

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – Symmetrical Triangle Chart Pattern –