ADA/USDT – 30M – SELL

The combination Cardano/Tether (ADA/USDT) goes from the ascending trendline downwards

A descending movement down to the next support line at 0.791100000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.833800000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.833800000 – 0.808600000 – 0.834400000 – 0.791100000 – 0.784400000 – 0.800900000 — 30.08746179183 – 27.893186810337

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