ADA/USDT – 30M – SELL

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

A bearish descent downwards to the next support level at 0.882500000 is likely expected.

Caution: A possible change in the direction of the resistance level at 0.954000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.8846748 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.954000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.954000000 – 0.937200000 – 0.909700000 – 0.910100000 – 0.914300000 – 0.882500000 — 32.103984710212 – 28.3476599254

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