ADA/USDT – 30M – SELLThe currency pair jumps from the bullish trendline down.
The bearish trend downwards to the next support level at 0.580800000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.622000000 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading 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 |