ADA/USDT – 30M – BUYThe pair Cardano/Tether (ADA/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 1.057500000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.116200000 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Belt Hold’ chart pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 1.119400000 |
| Next High | 1.116200000 |
| Current Price | 1.087800000 |
| Next Low | 1.057500000 |
| 2nd Low | 1.052100000 |
| 3rd Low | 0.945000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Belt Hold