ADA/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.3992 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.4273 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.3923088 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.4273 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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%.

0.4273 – 0.4036 – 0.3964 – 0.3992 – 0.3815 – 0.3839 — 37.355213014105 – 34.805643168026 — 58.013117283951 – 28.084490740741 – 74.101670467109 – 55.519552123641

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