ADA/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 0.2671 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.278 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘MACD crosses below signal’ indicator layout is found. 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 counter-trend in the direction of the support level at 0.278 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘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’ going 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 – – –