ADA/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 0.247 will continue.

Caution: A possible change in the direction of resistance at 0.2657 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

0.2657 – 0.2599 – 0.255 – 0.247 – 0.2473 – 0.2475 —
0.265300000 – 0.267800000 —
65.834608472338 – 58.0342237393 —
– —
0.2657 – 1778018400

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