ADA/USDT – 4H – SELLThe pair Cardano/Tether (ADA/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.3876 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.6069 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. 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 | 0.8924 |
| 2nd High | 0.6938 |
| Next High | 0.6069 |
| Current Price | 0.414900000 |
| Next Low | 0.3876 |
| 2nd Low | 0.2737 |
| 3rd Low |
0.6069 – 0.5863 – 0.6938 – 0.3876 – 0.4901 – 0.4898 — 47.527819564392 – 45.235528615912 — 84.322844856568 – 68.015268244423 – 93.001549896928 – 82.905911849111
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –