ADA/USDT – 4H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards

A bearish trend down to the next support line at 0.2585 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.3136 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

0.2816 – 0.2739 – 0.285 – 0.2585 – 0.2458 – 0.2584 —
0.280500000 – 0.294000000 —
68.036416240911 – 73.828442150313 —
– —
0.2816 – 1773403200

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