ADA/USDT – 1H – SELL

Additionally a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.

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

A continuation of the downward movement down to the next support at 0.4093 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.4293 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.4293 – 0.4761 – 0.4842 – 0.4093 – 0.4583 – 0.4239 — 38.988537712383 – 37.544661002891 — 43.561189074996 – 42.664855892561 – 42.955585735124 – 42.477239575474

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Northern Doji – Double top chart pattern – –