ADA/USDT – 30M – SELL

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

A bearish descent down to the next support level at is certain.

Caution: A possible change in the direction of resistance at 1.019300000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.89255 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.019300000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Shooting Star’ candle pattern is found. The candles form ‘Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.019300000 – 0.889400000 – 0.857900000 – 0.861600000 – 0.833400000 – 0.765800000 — 37.252135638517 – 37.177680713081

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