ADA/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.2496 is certain.

Caution: A possible change in the direction of the resistance level at 0.2539 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.24925 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.2539 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. 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%.

0.2539 – 0.253 – 0.2519 – 0.2496 – 0.2472 – 0.2446 —
0.253800000 – 0.252500000 —
66.878032635441 – 52.355252465158 —
– —
0.2539 – 1777109400

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