ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at is certain.

Caution: A possible change in the direction of resistance at 0.809900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.7799 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.809900000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.809900000 – 0.855900000 – 0.833700000 – 0.779900000 – 0.824100000 – 0.814600000 — 42.755182706437 – 39.562965689914

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