ADA/USDT – 1H – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the bullish trendline down.

A descent downwards to the next support at 0.936400000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.073000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.8486818 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 1.073000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download ADA/USDT Signal Image

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