ADA/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.895100000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.941600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.8877 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.941600000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.941600000 – 0.968400000 – 0.979500000 – 0.895100000 – 0.887700000 – 0.943400000 — 36.038434848264 – 33.144530900428

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –