ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 1.057500000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.107800000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.119400000 |
| 2nd High | 1.115000000 |
| Next High | 1.107800000 |
| Current Price | 1.093400000 |
| Next Low | 1.057500000 |
| 2nd Low | 1.052100000 |
| 3rd Low | 0.838000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows