ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 0.711400000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 0.789300000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.7301 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.789300000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.

0.789300000 – 0.779200000 – 0.789800000 – 0.730100000 – 0.752100000 – 0.769400000 — 19.696391644242 – 16.341411745712

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