ADA/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 0.2596 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.2766 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.2766 – 0.2763 – 0.2843 – 0.2596 – 0.267 – 0.2686 —
0.265900000 – 0.264000000 —
42.745700787366 – 41.094181471638 —
– —
0.2766 – 1770591600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Belt Hold – – –