Sell ADA/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.160134 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 0.1629 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Bearish Harami’ candlestick pattern is detected. The chart shows ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 0.1651
2nd High 0.1639
Next High 0.1629
Current Price 0.159700000
Next Low 0.1586
2nd Low 0.1582
3rd Low 0.158

0.1629 – 0.1639 – 0.1651 – 0.16 – 0.16 – 0.1586 —
0.162400000 – 0.159700000 —
47.251633985305 – 43.346266510592 —
– —
0.1629 – 1782054000

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