ADA/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.858900000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.940300000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8589 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.940300000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Line Strike – Bearish’ candlestick chart pattern is existing. The candles show ‘Three Line Strike – Bearish’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).

Download ADA/USDT Signal Image

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Line Strike – Bearish