ADA/USDT – 1H – SELLThe pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.810000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.879900000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.987800000 |
| 2nd High | 0.964300000 |
| Next High | 0.879900000 |
| Current Price | 0.813100000 |
| Next Low | 0.810000000 |
| 2nd Low | 0.765800000 |
| 3rd Low | 0.734000000 |
0.879900000 – 0.878400000 – 0.964300000 – 0.810000000 – 0.844100000 – 0.853000000 — 46.653376207714 – 37.315839120229
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –