ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bullish trendline downwards

A bearish trend downwards to the next support line at 0.722500000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.769300000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.7148892 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.769300000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download ADA/USDT Signal Image

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