ADA/USDT – 1H – SELL

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

A descending movement down to the next support line at 0.742000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.825400000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.825400000 – 0.768300000 – 0.756200000 – 0.742000000 – 0.711400000 – 0.710500000

Trading Signals: FOREX – ADA – ADA/USDT – USDT – Two Crows –