ADA/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

The bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of resistance at 0.964300000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.8731826 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.964300000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Southern Doji’ candle pattern is discovered. The candles form ‘Southern Doji’. which is a bullish 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 ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.964300000 – 0.945100000 – 1.019300000 – 0.878100000 – 0.885300000 – 0.861600000 — 42.629145002886 – 42.275128363354

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