ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.536600000 is considered certain.

Caution: A possible change in the direction of resistance at 0.611700000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.588 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.611700000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Two Crows’ chart pattern is found. The candles form ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.611700000 – 0.642600000 – 0.645000000 – 0.588000000 – 0.599800000 – 0.613100000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows