ADA/USDT – 30M – SELL

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

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

Caution: A possible trend reversal in the direction of resistance at 0.904800000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.8507 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.904800000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick chart 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%.

Download ADA/USDT Signal Image

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