ADA/USDT – 4H – SELL

The pair Cardano/Tether (ADA/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 0.2585 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 0.2955 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative 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%.

0.2955 – 0.2816 – 0.2739 – 0.2585 – 0.2458 – 0.2584 —
0.274900000 – 0.272600000 —
42.651811248527 – 43.81937031131 —
– —
0.2955 – 1773806400

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