ADA/USDT – 1H – BUYThe pair Cardano/Tether (ADA/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.838000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.116200000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Engulfing’ candle chart pattern is detected. The chart forms ‘Bullish Engulfing’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.121000000 |
| 2nd High | 1.119400000 |
| Next High | 1.116200000 |
| Current Price | 0.897700000 |
| Next Low | 0.838000000 |
| 2nd Low | 0.829600000 |
| 3rd Low | 0.770000000 |
Download ADA/USDT Signal Image
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Bullish Engulfing