ADA/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 0.1572 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.1633 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.1633 – 0.163 – 0.1629 – 0.1572 – 0.1563 – 0.16 —
0.160000000 – 0.155900000 —
55.004875261803 – 33.519851190029 —
– —
0.1633 – 1782135000

Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Three Outside Down – – –