ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

The bearish trend down to the next support level at 0.742000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.825400000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Southern Doji’ chart pattern is detected. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.825400000 – 0.784900000 – 0.750900000 – 0.742000000 – 0.711400000 – 0.710500000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Southern Doji –