ADA/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.1582 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.1668 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.1668 – 0.1699 – 0.1711 – 0.1582 – 0.1586 – 0.1608 —
0.161900000 – 0.166800000 —
49.197200438548 – 64.716493278498 —
– —
0.1668 – 1781105400

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