ADA/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline down.

A descent down to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.821200000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.821200000 – 0.820500000 – 0.806900000 – 0.800900000 – 0.796400000 – 0.789800000 — 47.559295600377 – 44.473432746178

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