ADA/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.2671 will continue.

Caution: A possible change in the direction of the resistance line at 0.278 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.2651 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.278 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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’ heading down is 82%.

0.278 – 0.285 – 0.2743 – 0.2671 – 0.2651 – 0.2702 —
0.270200000 – 0.271600000 —
44.206635274884 – 49.264281153136 —
– —
0.278 – 1772713800

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