The currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline down.
A descent down to the next support at 0.882500000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.964300000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.979500000 |
| 2nd High | 0.968400000 |
| Next High | 0.964300000 |
| Current Price | 0.941900000 |
| Next Low | 0.882500000 |
| 2nd Low | 0.865800000 |
| 3rd Low | 0.852500000 |
0.937200000 – 0.909700000 – 0.898100000 – 0.882500000 – 0.865800000 – 0.872400000 — 65.362174688655 – 63.192408662638
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –