ADA/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A descending movement downwards to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.878400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.85325 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.878400000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.878400000 – 0.876400000 – 0.874800000 – 0.853000000 – 0.856900000 – 0.831900000 — 46.888836112724 – 46.665618330053

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –