ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) goes from the bullish trendline down.

The bearish trend down to the next support line at 0.2596 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.2724 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.2596 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.2724 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.2724 – 0.2766 – 0.2763 – 0.2615 – 0.2596 – 0.2681 —
0.265600000 – 0.265200000 —
49.63769736819 – 50.0717558411 —
– —
0.2724 – 1770654600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Two Crows – – –