ADA/USDT – 30M – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.766200000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.788900000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.834400000 |
| 2nd High | 0.833800000 |
| Next High | 0.788900000 |
| Current Price | 0.769400000 |
| Next Low | 0.766200000 |
| 2nd Low | 0.741700000 |
| 3rd Low | 0.734000000 |
0.788900000 – 0.833800000 – 0.808600000 – 0.766200000 – 0.782900000 – 0.791100000 — 36.907855310608 – 35.161241713391
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –