ADA/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.892800000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 1.121000000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 0.9402 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.121000000 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is found. The candles form ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.

Download ADA/USDT Signal Image

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