ADA/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.888100000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.921900000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a positive signal. The 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).

0.921900000 – 0.942600000 – 0.892600000 – 0.888100000 – 0.891200000 – 0.821800000 — 55.116795616128 – 51.231864760054

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