ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.888100000 is certain.

Caution: A possible change in the direction of the resistance zone at 0.964300000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.852295 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.964300000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative 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%.

0.964300000 – 0.921900000 – 0.942600000 – 0.888100000 – 0.891200000 – 0.821800000 — 38.613558263643 – 35.564485186674

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