ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A bearish movement downwards to the next support level at 0.742000000 will persist.
Caution: A possible change in the direction of the resistance zone at 0.864300000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.864300000 |
| Current Price | 0.822100000 |
| Next Low | 0.742000000 |
| 2nd Low | 0.711400000 |
| 3rd Low | 0.710500000 |
0.825400000 – 0.768300000 – 0.756200000 – 0.742000000 – 0.711400000 – 0.710500000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows –