ADA/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at is expected.

Caution: A possible change in the direction of the resistance zone at 0.879900000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.8559 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.879900000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.879900000 – 0.878400000 – 0.876400000 – 0.844100000 – 0.853000000 – 0.856900000 — 43.16338366184 – 40.337787735814

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –