ADA/USDT – 4H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

The bearish trend downwards to the next support level at is certain.

Caution: A possible counter-trend in the direction of resistance at 0.3136 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.2653152 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.3136 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.3136 – 0.2938 – 0.2899 – 0.2536 – 0.267 – 0.2504 —
0.300200000 – 0.293800000 —
63.897651470294 – 49.753420849525 —
– —
0.3136 – 1772049600

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