ADA/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.877100000 is expected.

Caution: A possible trend reversal in the direction of resistance at 0.902600000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.902600000 – 0.904800000 – 0.906500000 – 0.877100000 – 0.889800000 – 0.889800000 — 38.821106318366 – 34.280983484431

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