ADA/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 0.766200000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.788900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.7662 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.788900000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.788900000 – 0.833800000 – 0.808600000 – 0.766200000 – 0.782900000 – 0.791100000 — 46.145892338487 – 43.889419872494

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