ADA/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

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

A bearish descent down to the next support line at is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.2899 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.27015 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.2899 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

0.2899 – 0.2892 – 0.2696 – 0.2773 – 0.2769 – 0.2575 —
0.286400000 – 0.284100000 —
58.243062556568 – 45.151729465803 —
– —
0.2899 – 1771311600

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –