ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support at 0.730100000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.789300000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Down’ candlestick pattern is discovered. The candles form ‘Three Outside Down’. 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.789300000 – 0.779200000 – 0.789800000 – 0.730100000 – 0.752100000 – 0.769400000 — 28.222812572759 – 27.039126222214

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – –