ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 0.730100000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.789300000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black 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 chance of ‘Three Black Crows’ heading down is 82%.

0.789300000 – 0.779200000 – 0.789800000 – 0.730100000 – 0.752100000 – 0.769400000 — 23.494939680351 – 21.985460796297

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