ADA/USDT – 30M – SELL

The currency pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.

A continuation of the bearish trend down to the next support at 0.711400000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 0.768300000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.72835 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.768300000 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

0.750900000 – 0.739400000 – 0.768300000 – 0.711400000 – 0.710500000 – 0.726700000

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