Sell ADA/USDT – 30M – SELL

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

A bearish descent downwards to the next support level at 0.2699 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.2874 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

Support & Resistance Price Range*
3rd High 0.3027
2nd High 0.2899
Next High 0.2874
Current Price 0.283400000
Next Low 0.2699
2nd Low 0.267
3rd Low 0.2582

0.28 – 0.2753 – 0.274 – 0.2699 – 0.271 – 0.267 —
0.275800000 – 0.286500000 —
51.081980984684 – 61.090262493899 —
– —
0.28 – 1771581600

Trading Signals:

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