ADA/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 0.823000000 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.850000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.83215 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.850000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.838500000 – 0.828100000 – 0.838900000 – 0.823000000 – 0.814300000 – 0.818800000 — 56.664048025883 – 56.467416304481

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