ADA/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.3027 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.3027 – 0.305 – 0.3019 – 0.2205 – 0.2803 – 0.2817 —
0.279700000 – 0.278700000 —
76.080609587383 – 66.820849832854 —
– —
0.3027 – 1770177600

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