Sell ADA/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 0.829600000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.881400000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 0.912300000
2nd High 0.904800000
Next High 0.881400000
Current Price 0.851300000
Next Low 0.829600000
2nd Low 0.770000000
3rd Low 0.765500000

Download ADA/USDT Signal Image

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