ADA/USDT – 4H – SELL

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

A continuation of the downtrend downwards to the next support at 0.765800000 will persist.

Caution: A possible change in the direction of the resistance line at 0.987800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Then a ‘Collapsing Doji Star’ candlestick pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.987800000 – 1.019300000 – 0.834400000 – 0.837100000 – 0.765800000 – 0.708500000 — 61.916596912163 – 53.776681388201

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Collapsing Doji Star – – –