ADA/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.840300000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.8135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.840300000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The 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%.

0.840300000 – 0.845200000 – 0.838000000 – 0.826000000 – 0.800300000 – 0.781800000 — 43.474340152425 – 38.885396232725

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