ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) jumps from the ascending trendline down.
A descent downwards to the next support at 1.056500000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.119400000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Bullish Belt Hold’ chart pattern is detected. The candles show ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.133200000 |
| 2nd High | 1.121000000 |
| Next High | 1.119400000 |
| Current Price | 1.088900000 |
| Next Low | 1.056500000 |
| 2nd Low | 0.945000000 |
| 3rd Low | 0.924500000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold