ADA/USDT – 1H – SELLThe currency pair Cardano/Tether (ADA/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.2737 will persist.
Caution: A possible change in the direction of the resistance zone at 0.4997 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.5809 |
| 2nd High | 0.5093 |
| Next High | 0.4997 |
| Current Price | 0.462200000 |
| Next Low | 0.2737 |
| 2nd Low | |
| 3rd Low |
0.4997 – 0.5093 – 0.5809 – 0.4735 – 0.4925 – 0.4901 — 36.405148969426 – 35.054585095262 — 26.670537859359 – 25.245803863323 – 22.606280466071 – 25.316007052803
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Black Crows – – –