ADA/USDT – 1H – SELL

The currency pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards

A bearish descent down to the next support level at 0.770000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.073000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.8486818 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 1.073000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle pattern is existing. The candles form ‘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 chance of ‘Three Black Crows’ heading down is 82%.

Download ADA/USDT Signal Image

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