ADA/USDT – 1H – SELL

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

A descent down to the next support line at 0.765800000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.833800000 could happen.
Consider stop-loss settings accordingly.

Next a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

Next a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. 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’ going down is 82%.

0.833800000 – 0.834400000 – 0.806900000 – 0.765800000 – 0.766200000 – 0.784400000 — 70.773496349302 – 69.100807040296

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