ADA/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 0.814600000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.855900000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.8141 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 0.855900000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.855900000 – 0.833700000 – 0.839400000 – 0.824100000 – 0.814600000 – 0.814100000 — 36.529763788521 – 36.044405024942

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