ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support at 0.895100000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.987800000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. 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-Level.Continuation of the current descending trend is considered certain. Current target is 0.8877 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.987800000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. 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 ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.987800000 – 0.977700000 – 0.964300000 – 0.895100000 – 0.887700000 – 0.904500000 — 31.358231214883 – 31.260546404892

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