ADA/USDT – 30M – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Cardano/Tether (ADA/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.837100000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.867200000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.8371 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.867200000 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.867200000 – 0.879600000 – 0.892600000 – 0.843800000 – 0.837100000 – 0.842900000 — 40.431386143908 – 38.21744800028

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –