ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 0.887700000 will continue.

Caution: A possible counter-trend in the direction of resistance at 0.968400000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Next a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.968400000 – 0.979500000 – 0.987800000 – 0.887700000 – 0.943400000 – 0.904500000 — 50.939059583609 – 46.910625491761

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