ADA/USDT – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A continuation of the downward movement down to the next support level at 0.4217 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.439 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.4218 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.439 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.439 – 0.439 – 0.4286 – 0.4217 – 0.4265 – 0.4104 — 43.394650280041 – 43.004807329322 — 47.786339914461 – 34.170623776396 – 53.774004734653 – 48.682046032603

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –