ADA/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 0.585700000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.642600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.6131 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.642600000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.642600000 – 0.645000000 – 0.723000000 – 0.613100000 – 0.623500000 – 0.685900000

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