ADA/USDT – 30M – SELLThe combination goes from the bullish trendline downwards
The bearish trend down to the next support line at 0.580800000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.622000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.659900000 |
| 2nd High | 0.624800000 |
| Next High | 0.622000000 |
| Current Price | 0.588000000 |
| Next Low | 0.580800000 |
| 2nd Low | 0.557500000 |
| 3rd Low | 0.543100000 |