Sell ADA/USDT – 4H – SELL

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

The bearish trend downwards to the next support level at 0.2585 will persist.

Caution: A possible change in the direction of the resistance level at 0.3136 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a indicator layout is existing. The indicator is ”. which could be a negative signal. The currency pair could go down.

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Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Next a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 0.3707
2nd High 0.3647
Next High 0.3136
Current Price 0.287000000
Next Low 0.2585
2nd Low 0.2458
3rd Low 0.2205

0.2816 – 0.2739 – 0.285 – 0.2585 – 0.2458 – 0.2584 —
0.266200000 – 0.292600000 —
52.12170911826 – 76.669843345434 —
– —
0.2816 – 1773403200

Trading Signals:

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