ADA/USDT – 1H – SELLThe pair jumps from the bullish trendline down.
A descending movement downwards to the next support level at 0.543100000 will persist.
Caution: A possible change in the direction of the resistance zone at 0.654100000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. 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 | |
| 2nd High | 0.659900000 |
| Next High | 0.654100000 |
| Current Price | 0.566600000 |
| Next Low | 0.543100000 |
| 2nd Low | 0.427200000 |
| 3rd Low | 0.351400000 |