ADA/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 0.247 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.255 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.255 – 0.2528 – 0.2515 – 0.247 – 0.2473 – 0.2475 —
0.248800000 – 0.252700000 —
40.781778366074 – 54.880805867693 —
– —
0.255 – 1777867200

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