Sell ADA/USDT – 4H – SELL

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

A bearish descent down to the next support at 0.858900000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.940300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Black Crows’ candle chart pattern is found. 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 1.181900000
2nd High 1.121000000
Next High 0.940300000
Current Price 0.865600000
Next Low 0.858900000
2nd Low 0.696100000
3rd Low 0.541700000

Download ADA/USDT Signal Image

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