ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

A descending movement down to the next support level at 0.720000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.848400000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.78275 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.848400000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. 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