ADA/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 0.708500000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 0.789300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘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 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.7085 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.789300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

0.789300000 – 0.779200000 – 0.789800000 – 0.708500000 – 0.709900000 – 0.730100000 — 40.042451653538 – 38.852481616997

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