ADA/USDT – 30M – SELLThe pair jumps from the bullish trendline downwards
The bearish trend downwards to the next support line at 0.580800000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.622000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 0.659900000 |
| 2nd High | 0.624800000 |
| Next High | 0.622000000 |
| Current Price | 0.588000000 |
| Next Low | 0.580800000 |
| 2nd Low | 0.557500000 |
| 3rd Low | 0.543100000 |