The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
A bearish descent down to the next support at 0.2558 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.268 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.2955 |
| 2nd High | 0.2769 |
| Next High | 0.268 |
| Current Price | 0.260900000 |
| Next Low | 0.2558 |
| 2nd Low | 0.247 |
| 3rd Low | 0.2454 |
0.2599 – 0.255 – 0.2518 – 0.2558 – 0.247 – 0.2473 —
0.258700000 – 0.263300000 —
65.207518629855 – 67.72650445596 —
– —
0.2599 – 1777977000
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –