ADA/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 0.823000000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.850000000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.8263 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.850000000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.850000000 – 0.843700000 – 0.840300000 – 0.823000000 – 0.814300000 – 0.802600000 — 59.646177251725 – 59.304863558675

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –