ADA/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.888100000 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.942600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.89075 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.942600000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Inside Down’ chart pattern is found. The candles show ‘Three Inside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.921900000 – 0.942600000 – 0.892600000 – 0.888100000 – 0.891200000 – 0.821800000 — 56.154641209764 – 51.707060851228

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Inside Down – – –