ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.

The bearish trend downwards to the next support at 0.1527 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.1814 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.1685 – 0.1628 – 0.1566 – 0.1527 – 0.142 – 0.1421 —
0.177000000 – 0.183000000 —
81.848574701184 – 81.816293348119 —
– —
0.1685 – 1783044000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Matching Low – – –