ADA/USDT – 1H – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 0.2381 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.2496 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.240429 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 0.2496 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which 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’ going down is 82%.

0.2496 – 0.249 – 0.2554 – 0.2381 – 0.2354 – 0.2464 —
0.243900000 – 0.249900000 —
55.402994153037 – 62.946112097977 —
– —
0.2496 – 1776175200

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