ADA/USDT – 4H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.774700000 will persist.
Caution: A possible change in the direction of resistance at 0.937300000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.937300000 |
| Current Price | 0.782700000 |
| Next Low | 0.774700000 |
| 2nd Low | 0.710500000 |
| 3rd Low | 0.562900000 |
0.937300000 – 0.895500000 – 0.768300000 – 0.774700000 – 0.710500000 – 0.562900000 — 39.122901163163 – 36.363680005146
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –