ADA/USDT – 30M – SELL

The pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 0.688400000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.756200000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish 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%.

0.756200000 – 0.748600000 – 0.735000000 – 0.688400000 – 0.693300000 – 0.572200000

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