ADA/USDT – 1H – SELL

There is also a ‘Double top chart pattern’ chart formation is found. The chart shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

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

Caution: A possible counter-trend in the direction of resistance at 0.879900000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.8267 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.879900000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.879900000 – 0.878400000 – 0.964300000 – 0.844100000 – 0.853000000 – 0.826700000 — 47.233462533149 – 39.020585649498

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Double top chart pattern – –