Sell ADA/USDT – 1H – SELL

The pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

A bearish trend downwards to the next support line at 0.3788 is certain.

Caution: A possible change in the direction of the resistance zone at 0.4042 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. this is a bearish 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%.

Support & Resistance Price Range*
3rd High 0.4273
2nd High 0.4107
Next High 0.4042
Current Price 0.392400000
Next Low 0.3788
2nd Low 0.3294
3rd Low 0.2737

0.4042 – 0.3987 – 0.4107 – 0.3788 – 0.3885 – 0.3992 — 38.659333216184 – 36.997682233288 — 6.2446824912246 – 1.3527598518617 – 6.050893683344 – 4.614041611437

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