ADA/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 0.2566 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.2679 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.2679 – 0.2739 – 0.2574 – 0.2566 – 0.2458 – 0.2496 —
0.266000000 – 0.265200000 —
57.151079569052 – 56.92742677453 —
– —
0.2679 – 1773234000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –