ADA/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 0.769400000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.789800000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.789800000 – 0.809900000 – 0.855900000 – 0.769400000 – 0.779900000 – 0.824100000 — 48.432171853145 – 42.635525045809

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – –