ADA/USDT – 1H – SELL

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

A bearish trend down to the next support level at 0.770000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.904800000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.8507 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.904800000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. 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