ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards

A descending movement downwards to the next support level at 1.047400000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.121000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.0564694 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.121000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download ADA/USDT Signal Image

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows