ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.

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

Caution: A possible change in the direction of resistance at 0.2576 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.2447648 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.2576 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

0.2576 – 0.2525 – 0.2514 – 0.2446 – 0.2441 – 0.2408 —
0.247000000 – 0.251600000 —
42.480186729587 – 53.948743444294 —
– —
0.2576 – 1776834000

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