ADA/USDT – 30M – SELL

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

A bearish descent downwards to the next support at 1.057500000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.116200000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. 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).

Download ADA/USDT Signal Image

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