ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 0.710500000 is expected.
Caution: A possible change in the direction of the resistance zone at 0.777400000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.864300000 |
| 2nd High | 0.841400000 |
| Next High | 0.777400000 |
| Current Price | 0.838100000 |
| Next Low | 0.710500000 |
| 2nd Low | 0.562900000 |
| 3rd Low | 0.555000000 |
0.768300000 – 0.777400000 – 0.611900000 – 0.710500000 – 0.562900000 – 0.555000000
Trading Signals: FOREX – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern