ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the ascending trendline downwards

A descent downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.585600000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

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

0.585600000 – 0.588400000 – 0.551400000 – 0.563600000 – 0.510000000 – 0.520300000

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