ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support line at 0.882500000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.954000000 could be enabled.
Consider stop-loss settings accordingly.

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

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.874221 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 0.954000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

0.954000000 – 0.909700000 – 0.898100000 – 0.882500000 – 0.865800000 – 0.852500000 — 34.508063484948 – 31.081082953337

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –