ADA/USDT – 30M – SELLThe currency pair moves from the bullish trendline downwards
The bearish trend down to the next support line at 0.580800000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.622000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish 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’ 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 |