ADA/USDT – 30M – SELLThe currency pair moves from the bullish trendline down.
A bearish descent downwards to the next support at 0.580800000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.622000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency 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 | 0.659900000 |
| 2nd High | 0.624800000 |
| Next High | 0.622000000 |
| Current Price | 0.588000000 |
| Next Low | 0.580800000 |
| 2nd Low | 0.557500000 |
| 3rd Low | 0.543100000 |