ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.906500000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. 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 0.8855 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.906500000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Matching Low’ chart pattern is found. The candles show ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.906500000 – 0.937800000 – 0.938600000 – 0.887100000 – 0.885500000 – 0.908000000 — 47.803362909155 – 47.493629815997

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