ADA/USDT – 4H – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.2354 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 0.2664 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.2664 – 0.2514 – 0.2548 – 0.2354 – 0.24 – 0.24 —
0.256500000 – 0.258700000 —
60.855797373432 – 48.298153353415 —
– —
0.2664 – 1775592000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bearish Belt Hold – – –