ADA/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.2757 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.305 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.2685 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.305 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Southern Doji’ candle pattern is found. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.305 – 0.3034 – 0.2936 – 0.2817 – 0.2934 – 0.2757 —
0.289400000 – 0.284000000 —
39.282518301069 – 36.727103706073 —
– —
0.305 – 1770132000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Southern Doji – – –