ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 0.818300000 is certain.

Caution: A possible change in the direction of the resistance zone at 0.838900000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.8127436 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.838900000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.838900000 – 0.850000000 – 0.818800000 – 0.818300000 – 0.802600000 – 0.813900000 — 41.533642456801 – 41.052856827173

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –