ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.2737 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.471 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The pair is likely to go down.
Then a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.4823 |
| 2nd High | 0.4735 |
| Next High | 0.471 |
| Current Price | 0.408800000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.471 – 0.4735 – 0.4823 – 0.4381 – 0.4531 – 0.4562 — 30.718330689609 – 25.014460570188 — 51.59191209583 – 30.097721336576 – 49.438599371683 – 44.903949900613
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –