ADA/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 0.895100000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.987800000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

0.987800000 – 0.977700000 – 0.964300000 – 0.895100000 – 0.887700000 – 0.904500000 — 30.210399109064 – 27.602984904903

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