ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline downwards

A descent downwards to the next support line at 0.865800000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.964300000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. 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’ heading down is 82%.

0.898100000 – 0.896700000 – 0.894700000 – 0.865800000 – 0.852500000 – 0.855600000 — 59.568475561322 – 54.347700951436

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –