ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 0.2671 will continue.

Caution: A possible change in the direction of the resistance zone at 0.278 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.2651 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 0.278 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘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 chance of ‘Three Black Crows’ heading down is 82%.

0.278 – 0.285 – 0.2743 – 0.2671 – 0.2651 – 0.2702 —
0.270200000 – 0.271600000 —
44.206635274884 – 49.264281153136 —
– —
0.278 – 1772713800

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